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CSPAN Key Capitol Hill Hearings February 7, 2014

This is the exigent price increase. The exigent price increase becomes the baseline and cpi begins in 2015 and going for. Not cpi plus one, but Going Forward. If there is some kind of agreement between the Postal Service and the prc on a new rate structure, fine. If not, we stay at cpi. In the bottom righthand corner of this spreadsheet, the most important number to me, and i think to dr. Coburn, is net cash balance at the end of 2023 of 7 billion. That sounds like a lot of money, but that is out of 750 billion over a tenyear period. Less than 1 . This assumes no recession for 10 years, we are concerned about that. What the postmaster has done, at our urging, to recognize that 10 years is a long time with no recession, and to tamp down revenues on the out years. They have reduced their forecast expectations. By 1 billion in 2021 and 2022. We will still probably have a recessio ....

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CSPAN Key Capitol Hill Hearings February 7, 2014

Let me say that again. The modification makes clear that the Postal Service Must Immediately begin implementing any changes recommended in the reports. This amendment would have a group of experts look at this issue before recommending what, if any changes to current law would be prudent. It recommends the bureau of inspection services, the bureau of alcohol, tobacco, and firearms, and the department of justice submit reports to the house and senate regarding the security changes, if any, that need to be made across the country should the carrying of firearms consistent with state law be allowed on Postal Properties or inside postal offices. My amendment then requires the postmaster general to submit a report to the committees of jurisdiction in the house and senate for the cost estimates of the security changes and ....

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