As Mark Twain was quoted as saying, “Rumors of my death have been greatly exaggerated.” So too have rumors of the death of the Affordable Care Act, or the ACA. For those unaware (and don’t feel bad.. there are lots of people who have no idea) what the ACA is and does, it is the healthcare reform law that was passed earlier this year.
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The President's just-announced plan, Living Within Our Means and Investing in the Future, is a comprehensive approach to solving the nation's short- and long-term problems. It includes the American Jobs Act, legislation investing $447 billion to fund teachers and public safety workers, modernize schools and other infrastructure, target job creation in low-income communities, provide extra help to long-term unemployed, youth, and other especially vulnerable groups, and protect the jobless with an extension of federal Unemployment Insurance.
Cross-posted from The Institute for Southern Studies.
Rallies are scheduled for today in every congressional district across the nation in support of the U.S. Postal Service, which is facing a financial crisis because of past congressional action. Participants will be asking lawmakers to approve a bill that's been introduced to fix the problem.
In 2006, Congress passed a postal reform law that, among other things, required USPS -- a self-funded agency that receives no taxpayer money -- to pre-pay 75 years' worth of retiree health benefits within just 10 years. The mandate, which no other federal agency is under, costs USPS $5.5 billion a year -- and accounts for all of the Postal Service's $20 billion in losses over the past four years.
In 2006, Congress passed a postal reform law that, among other things, required USPS -- a self-funded agency that receives no taxpayer money -- to pre-pay 75 years' worth of retiree health benefits within just 10 years. The mandate, which no other federal agency is under, costs USPS $5.5 billion a year -- and accounts for all of the Postal Service's $20 billion in losses over the past four years.
