Mr. Joy thank you very much for giving us your time today. Thank you for having me. I want to thank the Economic Club of washington for paying attention to me at this time racemic so thank you for attending. Briefly for those who may not know your background, you are the 75th postmaster general. The first one is behind you i can see, Benjamin Franklin. He was the inventor of the post office, Postal Service. And you are a native of new yor york. He went to college in florida, and then he went back to your familys business and you built it up, he moved to greenso , North Carolina build into a Logistics Company ultimately merged with another company. Given very involved in philanthropic activities at my alma mater, Duke University with other plates so thank you for giving us your time today racemic let me ask you, at the outset, when you agreed to be postmaster general, did you realize you would get this much attention because it not normally the most famous position in washington d. C. I
Over the last few weeks not only is it a think was tasked, but he has been subject to character assassination as democrats put them in the cause hears of a hyperbolic false narrative perpetrated to gain political advantage. I hope we can stick to the facts today. One factor that needs to be highlighted is that the postmaster general is not appointed by president trump. The postal board of governors engaged in identified was the joy as an outstanding candidate with the necessary background and skill set to tackle the challenges facing the postal system. They unanimously approved his appointment. He reports to the board, not the president. , failingalse narrative to provide funding to the Postal Service will undermine the election. The Postal Service has 50. 1 billion in cash on hand following a better than expected performance during the pandemic. Tax delivery, in rather than being down, the Postal Service revenue is 1. 5 billion higher than during the same period last year. The longter
The bipartisan poster board of governors engaged the professional search firm that identified him as an outstanding candidate with the necessary background and skill set to tackle the enormous challenges facing the postal system. The bipartisan governors unanimously approved his appointment as postmaster general. Mr. Dejoy reports to the board, not the president. Another false narrative that has been a failure to provide another false narrative a failure to provide funding to the Postal Service will undermine the election. The Postal Service currently has 15. 1 billion in cash on hand, following a betterthanexpected Financial Performance during the pandemic. Rather than being down, the Postal Service revenue is actually 1. 5 billion higher this year than during the same period last year. The postal system would have funded its longterm and entire healthcare liabilities as they were incurred. Because they didnt, those unfunded liabilities now total 120 billion. Unfortunately, the 2006 p
To also been subjected political assassination perpetrator to gain political advantage. I hope we can stick to the facts in this hearing today. One part of the false narrative is that the postmaster general is not appointed by president trump. The bipartisan postal board of governors engaged in a professional search for him, identified him as an outstanding candidate with the necessary background and skill set to tackle the enormous challenges facing the postal system. The bipartisan governors been to repeaty i want that, the unanimously approved his appointment as postmaster general. Mr. Dejoy reports to the board and not the president. Another false narrative is that a failure to provide funding to the Postal Service will undermine the election. The Postal Service currently has 15. 1 billion in cash on hand. Following a betterthanexpected Financial Performance during the pandemic. Delivery,urge in rather than being down, the Postal Service revenue is 1. 5 million higher this year tha
Politics is a business, whether people want to believe it. Our we leave this segment to go live to a Senate Hearing with postaster louis dejoy on Office Operations going into november. Mr. Dejoy, your decisions have cost americans their health, their time, their livelihoods, and their peace of mind. I believe you owe them an apology or the harm you have caused, and all of us some very clear answers today. Isuntry is anxious is anxious about whether the damage you have inflicted can be reversed and what other plans you have in store which could further disrupt liability and Timely Delivery of the Postal Service. If you plan to continue pursuing these changes, i think my colleagues and many of our constituents will continue to question whether you are the right person to lead this indispensable institution. Thank you. The tradition of this committee to swear in witnesses. Raise yourmr. Dejoy, right hand. Do you swear to tell the truth, the whole truth, and nothing but the truth, so help