Unjust Pre-funding of Benefits is Killing the Postal Service

The recent U.S. Postal Service financial report for the first three months of fiscal 2013, said that in operational terms the Postal Service had a $100M profit delivering the mail—six days a week. It earned revenues of $17.7B selling stamps and services and had expenses of $17.6B. But the quarter's $1.4B pre-funding cost led to a reported "loss" of $1.3B.

There is much support for rectifying this situation, including from the postmaster general, the postal unions, many industry observers and, most importantly, from hundreds of members of Congress from both parties.

The Washington Examiner has entered this discussion.