Quote:
Originally Posted by JoMar
I don't think that is entirely right......the Post Office consistently shows they lose money and asks Congress to allow them to charge fees based on costs and to eliminate some services that cannot be competitive. Congress doesn't give it to them because it would hurt us consumers...yeah right. Congress continues to cover the deficit with our tax money, but the post office has been up front that they are losing money and will continue to do so.
|
Here are some facts about the Postal Service, read carefully,
especially the last item.
Top twelve things you should know | Postal Facts - U.S. Postal Service
The USPS is losing money but it still has cash to keep going. Here is an excerpt from a recent RStreet article regarding the Postal Service's financial situation:
"Nevertheless, thus far, the Postal Service has endured. Its sizable cash holdings ensure—at least in the immediate future— that it will not face a liquidity crisis that forces it to close operations, or to be bailed out by taxpayers."
Interesting article, here's a link if you're interested and don't want to throw around unsubstantiated fake news:
https://www.rstreet.org/wp-content/u...ort-No.-54.pdf
I could go on about mandates from congress that impact the USPS.