Bailout in the Mail

[Commentary] The House Oversight and Government Reform Committee has advanced legislation to relax the Postal Service's obligation to prepay its employee retirement benefits, an action that would save it an estimated $2 billion annually. But even this may not be enough to save mail service as we know it. Changing the USPS's costly obligations must also mean reconsidering its lucrative monopoly on mail delivery, which no longer makes sense. The Postal Service's status must be adjusted to fit its changing role in communications. Otherwise, this bailout will not be the last.