Is struggling Postal Service a sign we're doomed?
One magazine wonders how Congress can tackle any important stuff if it couldn't handle reforming the USPS.
The USPS is finally moving to five-day delivery, something it has been requesting for a while, the magazine reported Thursday. Most Americans are fine with this. Other countries have adopted the same policy.
But Congress' inability to take real action on the Postal Service shows that the U.S. is doomed, the magazine writes. Last year, the House of Representatives and the Senate each took up proposals reforming the service. Both bills died. The House bill never came to a vote, and the bill that passed in the Senate went nowhere in the House.
That Senate bill was as toothless as it gets, by the way. It simply delayed any action on the Postal Service for two years. So the USPS went ahead and canned Saturday delivery on its own using what the Economist calls "dubious legal reasoning."
It doesn't bode well for a Congress that absolutely must tackle some hard issues, including the federal deficit, the debt ceiling, Social Security reforms, taxes and Medicare and Medicaid.
And here's the Economist's point: If Congress can't even deal with something as relatively mild as fixing the Postal Service, how can it possibly handle anything more controversial?
"Does anyone truly believe Congress is up to the challenge?" the magazine asks.
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If they fix the Post Office, they might need to tackle something greater, then something greater, until they reach Medicare. Its best fix is un-American. But the current definition of American is 1950. Maybe they should be working on the “Definition of America”. Don’t worry, all will be voted out of office if change in “America is 1950” is attempted.
Congress vs. 535 tits on a bull..........take your pick!
Maybe if we could get rid of the undue influences, e.g., lobbyists, superPACS, etc., something positive could get done. Now, if we used those people for target practice...no...nevermind....I didn't mean that.
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[BRIEFING.COM] At midday, the Dow Jones Industrial Average (+0.2%), Nasdaq (+0.3%), and S&P 500 (+0.1%) hold slim gains, while the Russell 2000 (+0.6%) outperforms.
Like yesterday, the overnight session was free of any broad developments, which allowed the focus to turn toward the next batch of earnings in the U.S. In general, most of the reports received since yesterday's closing bell have surpassed expectations, but there were a few noteworthy disappointments too.
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