“We are subject to Congressional oversight, regulation by other government agencies, and also oversight by various other organizations and the public,” USPS said in their annual report. “If we cannot successfully address their various, and sometimes competing, concerns, we may be subject to greater regulation, which could increase our costs or otherwise place additional burdens on our operations,” USPS warned regulators in the annual report.
Sound familiar? The government has created a regulatory system for the USPS that breeds inefficiency, stagnation, and waste. The competing interests of Congress and multiple levels of regulatory oversight creates an often-contradictory burden that increases cost and damages consumer satisfaction. Top that off with a pension/health fund that Congress mandated in 2006, and you have a recipe for disaster. It’s a recipe that Barack Obama hails as his model for ObamaCare, and in that, he’s more right than he knows.