Postal_Cuts_0a74f_image_1024wIt might feel like first-class postage is going up every few weeks, but the U.S. Postal Service nevertheless is in need of a bailout.  Frank Todisco, chief actuary for the Government Accountability Office, told a House committee last week that the agency had $100 billion in debt and unfunded health benefit liabilities at the end of the last fiscal year.  At this stage, even the Postal Service admits it needs help.  “Despite our efforts and our hard work, we cannot return the organization to profitability or secure our long term financial outlook without the passage of comprehensive reform legislation,” Jeffrey Williamson, United States Postal Service executive vice president, told the House Oversight and Government Reform Committee recently.  Committee Chairman Darrell Issa, R-Calif., has ideas for how to fix it, and says part of that is convincing members of his own party that six-days-per-week mail delivery doesn’t make sense. MORE