Trump’s Petty Beef With… Postal Service



Is Trump using the coronavirus to attack Jeff Bezos? Ana Kasparian and Cenk Uygur discuss on The Young Turks. Keep Hope (and TYT) Alive: http://tyt.com/go Read more here: https://prospect.org/coronavirus/postal-service-is-more-vital-than-ever/ "As the coronavirus crisis kills Americans by the tens of thousands and sends us into the worst economic downturn since the Great Depression, President Trump has found at least one silver lining: using this opportunity to destroy the United States Postal Service. That sounds like a bad joke, but that’s where we are. This American treasure, an institution that connects every one of us and should earn the support of every public official no matter their party, is being kicked while it’s down by a petty, vengeful president and a party that will back him in whatever he wants, no matter how destructive. Before we get to what the Trump administration is doing, let’s establish the context. The USPS has been struggling financially for years, because of declining mail volume but also because of an extraordinary requirement Congress and President George W. Bush imposed on it in 2006. Unlike any other government agency or private company, the USPS is required to prepay health benefits for retirees 75 years into the future. This means that the Postal Service must have funds in reserve to pay for future workers who have not been born yet. This requirement has been an albatross around the neck of the USPS ever since it was implemented, costing billions of dollars every year and making up nearly all of its operating losses, which totaled $8.8 billion in fiscal year 2019.” Hosts: Ana Kasparian, Cenk Uygur Cast: Ana Kasparian, Cenk Uygur *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. http://tyt.com/live Subscribe to The Young Turks on YouTube: http://youtube.com/subscription_center?add_user=theyoungturks TYT on Facebook: http://facebook.com/theyoungturks
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