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This is fundamentally an issue of adding up the items that get us to $20 billion dollars by 2016. Resolving our Retiree Health Benefit obligations will not by itself get us to solvency. Neither will our delivery schedule change by itself get us to solvency. We need to do every item on the list.
The financial problems of the Postal Service are getting bigger every year. If we had reformed our business model several years ago, we would be in great shape today. But if we delay reform for another year or more, we may never get back to a sustainable model and we will put tremendous pressure on our liquidity.
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- Patrick R. Donahoe
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