As we see, regulation is good as long as Republicans like Darrell Issa can use it to bust a union! Of course, this doesn't really address the insidious idea that a former federal agency is supposed to fund itself. (That same kind of thinking has led to hobbled Amtrak service throughout the country.) It's not as if everyone doesn't use the mail -- it's part of the common good. (Yeah, I know. Republicans hate that!)

Imagine if we asked the military to fund itself.

Rep. Darrell Issa (R-Calif.) introduced legislation Thursday to restructure the U.S. Postal Service, saying more regulation is necessary to “prevent another taxpayer bailout” of the financially strapped agency.

The bill would eliminate Saturday delivery and give the Postal Service greater latitude to close post offices and regional mail processing centers. A panel would be created to oversee the agency, modeled on the District of Columbia’s Financial Control Board, with a broad mandate to reduce costs and bring the agency back to financial solvency. “Congress can’t keep kicking the can down the road on out-of-control labor costs and excess infrastructure of USPS,” Issa said in a statement.

The panel also would have authority to renegotiate collective-bargaining agreements with postal workers, a provision that will draw stiff opposition from unions. If the bill becomes law, employees will probably see reductions in their wages and benefits.

The plan from the chairman of the House Committee on Oversight and Government Reform would eventually save the Postal Service $6 billion a year. It comes on the heels of the agency’s announcement that it plans to suspend its contributions to the pensions of thousands of workers to help stem billions of dollars in losses.

Postal officials said they agree with some provisions in the bill; the agency proposed eliminating Saturday delivery several years ago. But they said Issa wrongly assumes the agency’s path to financial stability lies in more regulation. “The opposite is true,” the agency said in a statement. “Our financial instability is the result of dramatic loss in volumes, coupled with restrictions imposed by Congress that have prevented the Postal Service from adequately responding to those losses in a business-like fashion.”