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The Daily Signal

Why Bailing Out the Postal Service Isn't a Good Idea

The Daily Signal

The Daily Signal

News, Daily News, Politics, Government

4.81.4K Ratings

🗓️ 13 May 2020

⏱️ 28 minutes

🧾️ Download transcript

Summary

The U.S. Postal Service is feeling the economic fallout of the coronavirus pandemic. It recently asked for $75 billion in taxpayer funding. President Donald Trump said that any bailout must be conditioned on reform. Romina Boccia, a fiscal and economic expert at The Heritage Foundation who focuses on government spending and the national debt, joins The Daily Signal Podcast to discuss why a bailout of the USPS isn't the way to go, what reforms the USPS should adopt, House Democrats' request for $25 billion for the USPS in their fourth coronavirus package, and more.\ We also cover these stories: House Democrats release details about their $3 trillion Coronavirus relief package, the fourth major spending proposal amid the Coronavirus pandemic. Dr. Anthony Fauci is warning of the potential dangerous consequences of reopening America too soon.  Trump tweets his support for Tesla CEO Elon Musk, who opened his factory again this week against local lockdown orders.  Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Daily Signal Podcast for Wednesday, May 13th. I'm Virginia Allen.

0:10.0

And I'm Rachel Del Judas. Like many other entities, the U.S. Postal Service is feeling the economic strain of the coronavirus pandemic.

0:18.0

It recently asked for $75 billion in taxpayer funding,

0:22.0

and President Trump recently said that any bailout must be

0:25.3

conditioned on reform.

0:27.1

Ramia Bacha, the leading fiscal and economic expert at the Heritage Foundation, who focuses

0:31.8

on government spending and the national debt

0:34.3

joins me on the Daily Signal Podcast to discuss why a bailout of the USPS isn't the way to go.

0:40.4

Don't forget, if you're enjoying this podcast podcast please be sure to leave a review or a five-star

0:45.7

rating on Apple Podcasts and encourage others to subscribe.

0:49.5

Now on to our top news. House Democrats have put out details for their 3 trillion coronavirus relief package, the fourth major spending proposal amid the coronavirus pandemic.

1:07.0

A group of heritage researchers write in the daily signal that the bill includes over

1:11.7

one trillion in aid to state and local governments

1:14.3

with a vast majority being unrestricted aid that does not directly respond to

1:19.2

costs incurred in the fight against COVID-19. It would also lead to a long-term increase of the federal unemployment bonus,

1:26.0

the Heritage Researchers right.

1:28.0

The bill would extend the misguided and harmful $600 unemployment bonus through January 2021,

1:35.0

with an additional extension possible through March of next year.

1:39.0

It is one thing to provide short-term and targeted unemployment benefits during four

1:43.9

shutdowns, but providing a year's worth of unprecedented additional

1:48.4

unemployment benefits up to an extra 30,000 or more per worker would be devastating to our economy, potentially even

1:56.0

threatening our ability to combat COVID-19 and America's supply of essential goods and services. It also includes a provision for voting by proxy,

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