Before we even come close to paying off our current government-sponsored enterprises (Fannie Mae and Freddie Mac) or recoup taxpayer dollars from Federal bailouts (General Motors & Chrysler) Congress wants to put the taxpayer on the hook again.
How much taxpayer money should be handed out to a bankrupt monopoly? According to certain members of Congress, the United States Postal Service will only need $100 billion to keep from failing. That’s cheap compared to Freddie & Fannie. What will the taxpayer receive for this generous financial backing? USPS employees keep inflated wages, layoff protections from collective bargaining negotiations, contribute less to health care costs than other federal and private sector workers, and allow an unsustainable business model to remain intact.