Fiscal Stability of U.S. Postal Service

Mar 30, 2009

C-SPAN | Washington Journal

Dan Blair offered his perspective on the fiscal stability of the U.S. Postal Service, and he responded to telephone calls and electronic mail. Last week, he testified on the topic before the House Subcommittee on the Federal Workforce.
Dan Blair offered his perspective on the fiscal stability of the U.S. Postal Service, and he responded to telephone calls and electronic mail. Last week, he testified on the topic before the House Subcommittee on the Federal Workforce.

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TIME SPEAKER TEXT
00:00:12 Unidentified Speaker "WASHINGTON JOURNAL" CONTINUES.
00:00:16 HOST GAMBLERS THE CHAIRMAN OF THE POSTAL REGULATORY COMMISSION. -- DAN BLAIR IS THE CHAIRMAN OF THE POSTAL...
00:00:41 GUEST GOOD MORNING, GRETA. IT IS FACING ONE OF THE MOST CRITICAL FINANCIAL CRISES SINCE IT WAS CREATED IN...
00:01:11 HOST WHAT NEEDS TO COME NEXT?
00:01:14 GUEST THE COMMISSION IS COMPOSED OF FIVE PRESIDENTIALLY APPOINTED MEMBERS. WHEN CONGRESS CREATED US IN ...
00:02:13 HOST WAS THE RECOMMENDATION FROM THE COMMISSION?
00:02:18 GUEST THE COMMISSION UNDERTOOK A VERY SERIOUS STUDY LAST YEAR LOOKING AT THE UNIVERSAL SERVICE OBLIGATION...
00:03:22 HOST IF IT REDUCES DELIVERY TO FIVE DAYS A WEEK?
00:03:26 GUEST THAT IS CORRECT. THERE MIGHT BE SOME MAILERS THAT DO NOT MAIL AS MUCH AND WE NEED MORE INFORMATION...
00:04:05 HOST THERE STILL COULD BE A $6 BILLION DEFICIT IN 2010 FOR THE POSTAL AGENCY. BEYOND REDUCING ITS DELIVERY...
00:04:20 GUEST YOU IDENTIFY A VERY CRITICAL JUNCTURE THAT WE ARE IN RIGHT NOW. THE POSTAL SERVICE LAST WEEK TESTIFIED...
00:05:22 HOST CURRENTLY, THE POST OFFICE DOES NOT RECEIVE ANY AID TO THE GOVERNMENT.
00:05:27 GUEST VERY LIMITED, JUST FOR THE BLIND OR OVERSEAS VOTING BALLOTS.
00:05:37 HOST FIRST PHONE CALL HERE FOR DAN BLAIR, THE CHAIRMAN OF THE POSTER REGULATORY COMMISSION. ALBANY, NEW...
00:06:09 GUEST THAT IS A GOOD QUESTION AND I APPRECIATE THE CALL. MORNEAU, THE POSTAL SERVICE HAS BEEN TRYING TO...
00:06:57 HOST NEXT CALL, WASHINGTON. CALLER: YOU ARE THE UNITED STATES POST OFFICE. NEW HAVE PROVIDED SERVICES FOR...
00:07:33 HOST IF THE POSTAL SERVICE WERE TO RECEIVE AN OPERATION FROM CONGRESS, HOW MUCH ARE WE TALKING?
00:07:39 GUEST WE WOULD HAVE TO MAKE UP THE SHORTFALL.
00:07:42 HOST WHICH IS HOW MUCH?
00:07:47 GUEST IF THEY CAN -- CAN BORROW UP TO THE MAXIMUM ALLOWABLE BY LAW, $3 BILLION, THEY NEED THE COST SAVINGS...
00:08:48 HOST SPRINGFIELD, ILLINOIS, REPUBLICAN LINE. CALLER: I GET APPROXIMATELY 150 PIECES OF MAIL PER MONTH....
00:09:28 GUEST THAT IS A GOOD QUESTION THAT WE GET QUITE A BIT. THE ADVERTISING THAT YOU SEE PAYS ITS WAY. ADVERTISING...
00:10:03 HOST HOW DO THEY MAKE THAT CONTRIBUTION?
00:10:06 GUEST THROUGH THE FEES THAT THEY PAY. THE GUNMAN JUST REFERRED TO THE FACT THAT THEY PAY A LOWER RATE, ...
00:10:35 HOST WHAT HAS BEEN THE IMPACT ON THE POSTAL SERVICE IN THE DECLINE OF ADVERTISING THAT HAS GONE OUT IN...
00:10:45 GUEST THEY DEPEND QUITE HEAVILY ON THE FINANCIAL SECTOR FOR THOSE SOLICITATIONS OF THAT HAS BEEN ONE OF...
00:11:34 HOST OFFICIALS SAY THE RECESSION HAS CONTRIBUTED TO A MAIL VOLUME DROP OF 5.2 BILLION PIECES COMPARED TO...
00:12:21 GUEST I DO NOT KNOW WHY HAS NOT BEEN MENTIONED, BUT PERIODICALS ARE STILL AN IMPORTANT THING THAT THE POST...
00:13:30 HOST KANSAS CITY, INDEPENDENT LINE. CALLER: I WONDER IF MR. DILLER COULD INFORM US ABOUT THE EFFICIENCY...
00:14:03 Unidentified Speaker I WAS IN ONE OVER THE WEEKEND HERE IN WASHINGTON D.C. 9, BUT I THINK YOU BRING OF A GOOD POINT. THE...
00:15:38 HOST HOW MANY PEOPLE HAVE FEW LAID OFF AND ARE THERE LAID OFF -- LAYOFFS TO COME?
00:15:44 GUEST WE HAVE OFFERED EARLY RETIREMENT TO AN ADDITIONAL 150,000 EMPLOYEES. THE COMMISSION DOES NOT HAVE...
00:16:21 HOST WE HAVE A COUPLE RELATED E-MAILS. PLEASE ASK MR. BLAIR ABOUT THE EXCESSIVE AND MANY MOVEMENT EXPENSES...
00:16:40 GUEST TO THE HOUSE SUBCOMMITTEE ON THE FEDERAL WORKFORCE AND THE POSTAL SERVICE CONNECTED AND OVERSIGHT...
00:17:08 HOST WHAT WAS HIS RESPONSE?
00:17:13 GUEST I WOULD NOT WANT TO PARAPHRASE HIS RESPONSE, BUT AS I RECALL FROM THE HEARING, THEY WERE EVALUATING...
00:17:28 HOST WHAT IS YOUR BUDGET AND HOW MUCH YOU RECEIVE IN SAO REECE?
00:17:33 GUEST WE ARE FEDERER -- COME MUCH TO YOU RECEIVE IN THE SALARIES?
00:17:39 GUEST WITH OUR FEDERAL EMPLOYEES. -- WE ARE FEDERAL EMPLOYEES. WE HAVE APPROXIMATELY 70 EMPLOYEES ON BOARD...
00:19:20 GUEST TROUBLE TO YOU ABOUT THE POST OFFICE STRUCTURE. IT IS HOLDING -- I WILL TELL YOU ABOUT THE POST OFFICE...
00:20:26 HOST EXPLAIN THE DIFFERENCE BETWEEN THE COMMISSION, WHICH YOU CHAIR, AND THE POSTAL SERVICE.
00:20:33 GUEST THE COMMISSION REGULATES AND OVERSEES THE POSTAL SERVICE. WITH REGARD TO POST A PRICING, POSTAL PRODUCTS,...
00:21:11 HOST WHY ARE BONUSES GIVEN OUT EACH YEAR?
00:21:17 GUEST ACTUALLY, THEY ARE NOT. THE POSTAL SERVICE PROVIDES 70 PER -- 72% OF THE HEALTH PREMIUM AND THE ENTIRE...
00:21:52 HOST PHILADELPHIA, DEMOCRATS LINE. CALLER: MY QUESTION TO MR. BLAIR IS, TO THOSE COMPANIES TRYING TO CUT...
00:22:34 GUEST IT IS MY UNDERSTANDING WHAT THE POSTAL SERVICE IS DOING IS OFFERING EARLY RETIREMENT TO ABOUT 150,000...
00:23:50 HOST MEMPHIS, REPUBLICAN LINE. CALLER: FROM AN OPERATIONAL COMPETITIVENESS, HOW DOES THE POSTAL SERVICE...
00:24:36 GUEST THOSE ARE A LOT OF QUESTIONS AND I WILL TRY TO ANSWER SOME OF THEM. YOUR LAST ONE FIRST. LABOR UNIONS,...
00:25:22 HOST TWO LAST QUESTIONS FOR YOU, WILL BE THE PRICE OF THE STAMP IN THE COMING WEEKS AND MONTHS? AND IF...
00:25:37 GUEST REGARDING STAMP PRICES, ON MAY 11, THE POSTAL SERVICE SAID IT WILL INCREASE THE PRICE FROM 42 CENTS...
00:27:07 HOST DAN BLATTER IS THE CHAIRMAN OF THE POSTAL BOARD TO -- BEGAN BLAIR IS THE CHAIRMAN OF THE POSTAQL SERVICEL...

NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.

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