Sen. Rand Paul (R-KY) blasted the notion of giving the U.S. Postal Service any more taxpayer money during an interview on Wednesday after it has lost approximately $78 billion from 2007 through 2019.
“Well, anybody who wants to give money to the post office, you might as well just put it into a big pile on your front lawn and burn it,” Paul told Fox News during an interview. “There’s no way to give any money to the post office to make the post office redeemable. You cannot fix the post office unless you fix their labor problem. 80 percent of the cost of the post office is labor. About 50 percent of UPS’ cost are labor. And FedEx is about 38 percent.”
“You can’t run a business with 80 percent of your costs being labor, when your competitors have much lower costs,” Paul continued. “So, really, in the end, just giving money to the post office is giving money to an operation that lost $8 billion last year. So, giving them $10 billion, it’ll be gone within a year’s time. It’s a foolhardy notion. And, when they call it skinny, to me, it’s just Democrat-lite. And I didn’t run for office to be just slightly less bad than the Democrats.”
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