Every serious study of U.S. infrastructure has reached the same conclusion: More investment is needed -- and fast. But with Sen. Jeff Bingaman's amendment to the highway reauthorization bill, the Senate effectively penalizes states for using innovative infrastructure financing.

Suffice to say that this important bill may be the last, best hope for reforming the Postal Service before taxpayers are handed the bill for its impending fiscal Armageddon.

There are solid ways to move forward with high-speed rail in the United States, but a new line between San Francisco and Los Angeles is not among them.

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At this event, AEI visiting scholar R. Richard Geddes, who urged for postal reform in his 2003 AEI Press book "Saving the Mail," will present an updated policy paper that assesses the USPS’s current situation and argues for long-term, concrete reform.

Given the Postal Service's fiscal crisis, and the need to adjust to market realities, it is time to put the Service on a course toward meaningful structural change that will give it the ability to adjust to demand for its core activity of delivering physical mail.