Jim Hightower, the populist commentator and former Texas agriculture commissioner, questions whether the U.S. Postal Service is financially imperiled.
This came to our attention after an Austin resident asked whether Hightower was right that Congress in 2006 required the service to set aside billions of dollars to cover the health benefits of postal retirees for 75 years — all of it to be stashed in one decade.
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Statement: Says the U.S. Postal Service has taken no taxpayer aid since 1971, funds operations entirely from the sale of stamps and related products and makes an “operational profit year after year.”