Itreportedanetlossof$5.6billionforfiscal2016,the10thstraightyearitsexpenseshaveexceededrevenue.
Meanwhile,ithasmorethan$120billioninunfundedliabilities,mostlyforemployeehealthandretirementcosts.
Therearemanyreasonsthisformerlystablefederalinstitutionfindsitselfatthebrinkofbankruptcy.
Fundamentally,theUSPSisinahistoricsqueezebetweentechnologicalchangethathaspermanentlydecreaseddemandforitsbread-and-butterproduct,first-classmail,andaregulatorystructurethatdeniesmanagementtheflexibilitytoadjustitsoperationstothenewreality.
2-Andinterestgroupsrangingfrompostalunionstogreeting-cardmakersexertself-interestedpressureontheUSPS’sultimateoverseer-Congress-insistingthatwhateverelsehappenstothePostalService,aspectsofthestatusquotheydependongetprotected.
Thisiswhyrepeatedattemptsatreformlegislationhavefailedinrecentyears,leavingthePostalServiceunabletopayitsbillsexceptbydeferringvitalmodernization.
3-Nowcomeswordthateveryoneinvolved—Democrats,Republicans,thePostalService,theunionsandthesystem’sheaviestusers—hasfinallyagreedonaplantofixthesystem.
LegislationismovingthroughtheHousethatwouldsaveUSPSanestimated$28.6billionoverfiveyears,whichcouldhelppayfornewvehicles,amongothersurvivalmeasures.
Mostofthemoneywouldcomefromapenny-per-letterpermanentrateincreaseandfromshiftingpostalretireesintoMedicare.
Thelatterstepwouldlargelyoffsetthefinancialburdenofannuallypre-fundingretireehealthcare,thusaddressingalong-standingcomplaintbytheUSPSanditsunions.
4-IfitclearstheHouse,thismeasurewouldstillhavetogetthroughtheSenate–wheresomeoneisboundtopointoutthatitamountstothebare,bareminimumnecessarytokeepthePostalServiceafloat,notcomprehensivereform.
There’snochangetocollectivebargainingattheUSPS,amajoromissionconsideringthatpersonnelaccountsfor80percentoftheagency’scosts.
AlsomissingisanydiscussionofeliminatingSaturdayletterdelivery.
Thatcommon-sensechangeenjoyswidepublicsupportandwouldsavetheUSPS$2billionperyear.
Butpostalspecial-interestgroupsseemtohavekilledit,atleastintheHouse.
Theemergingconsensusaroundthebillisasignthatlegislatorsaregettingfrightenedaboutapoliticallyembarrassingshort-termcollapseattheUSPS.
Itisnot,however,asignthatthey’regettingseriousabouttransformingthepostalsystemforthe21stcentury.
36.ThefinancialproblemwiththeUSPSiscausedpartlyby_____.[A]itsunbalancedbudget.[B]itsrigidmanagement.
[C]thecostfortechnicalupgrading.[D]thewithdrawalofbanksupport.
37.AccordingtoParagraph2,theUSPSfailstomodernizeitselfdueto_____.[A]theinterferencefrominterestgroups.[B]theinadequatefundingfromCongress.[C]theshrinkingdemandforpostalservice.[D]theincompetenceofpostalunions.
38.Thelong-standingcomplaintbytheUSPSanditsunionscanbeaddressedby_____.[A]removingitsburdenofretireehealthcare.[B]makingmoreinvestmentinnewvehicles.[C]adoptinganewrate-increasemechanism.[D]attractingmorefirst-classmailusers.
39.Inthelastparagraph,theauthorseemstoviewlegislatorswith_____.[A]respect.[B]tolerance.[C]discontent.[D]gratitude.
40.Whichofthefollowingwouldbethebesttitleforthetext?[A]TheUSPSStartstoMissItsGoodOldDays[B]ThePostalService:KeepAwayfromMyCheese[C]TheUSPS:ChronicIllnessRequiresaQuickCure[D]ThePostalServiceNeedsMorethanaBand-Aid
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