Now, in a perfect world, the postal system would have funded its long term pension retiree health care liabilities as they were incurred. Because they didn't, those unfunded liabilities now total $120 billion. Unfortunately, The 2006 postal reform bill did not ensure long term financial viability. and in its attempt to address the unfunded liability problem, it depleted the postal system of cash and arbitrarily turned long term liabilities into short term liabilities on his balance sheet. (02:16–02:21)
CLAIM
Asserts that the 2006 postal reform bill failed to ensure the long-term financial viability of the Postal Service.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
