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Originally Posted by BogeyBoy
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. |
Not sure what your point is, but the report you referred to says that the USPS has 500,000 employees and 600,000 retirees receiving pensions and health benefits. And, the chart on operating expenses shows a loss, and it is not clear if the operating expenses even include funding for the future pensions and health expenses for the 500,000 future retirees. I know that the postal union always wants to define operating expenses as not including the future and current liability for pensions and retiree health expenses. These are real expenses that should be funded as part of their operating costs. When a Government employee retires, he/she may live 30 or 40 years in retirement and very well could receive benefits during retirement that exceed the total income that they earned while they were working.