Bush-era mandate that the agency pre-fund nearly 80 percent of its future retiree health care obligations by 2016 at a crushing cost of $5.5 billion per year. No other agency or company in America is required to pre-fund such obligations at all, much less on such an accelerated schedule.
Had it not been for these payments, the Postal Service would have experienced a $611 million profit over the past four years
Whatever the reason, if any, government priorities are a choice. If need be take money from Wall Street subsidies to end the Pension snafu at the Postal Service, but that is not what is happening.
Those who have the gold make the rules, and the gold America needs comes from the Bond Markets and its Traders. Wall Street Debt Traders is where many austerity measures have their genesis.