Quote:
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. |
If you read The Hill they project that at the current rate of loss and with Congress continuing it's mandates the tax payers will need to bail out the Post Office. My inference that they were doing that now was incorrect, but I believe it's coming.