Quote:
Originally Posted by Rsb23
The USPS (United States Postal Service) is primarily funded by its own operations, relying on revenues from the sale of postage, products, and services. It's not funded by taxpayer money, unlike most other federal agencies, and is designed to be self-sufficient. However, Congress can provide supplemental funding, as seen in the Postal Service Reform Act of 2022, and the USPS may also receive taxpayer funds during crises, like the COVID-19 pandemic.
Without the “junk mail” they wouldn’t have any money to operate. Who uses snail mail? Most use email and have gone paperless for most things.
It’s sad that we sometimes listen to bad information and believe is the way our world is. Cutting the small federal funds will safe little, but cost us the “taxpayers “ greatly. Very sad the way our world seems too be going.
|
Read their own reports:
"The U.S. Postal Service (USPS) reported a net loss of $9.5 billion in fiscal year 2024. This was an increase from the $6.5 billion loss in the previous year. The USPS anticipates another net loss of $6.9 billion for fiscal year 2025.
Here's a more detailed breakdown:
FY2024 Loss: USPS reported a $9.5 billion net loss for fiscal year 2024.
FY2025 Projection: The agency expects to end fiscal year 2025 with a $6.9 billion net loss.
Factors Contributing to Losses: USPS attributed a significant portion of its losses to retiree costs and workers' compensation payments, which are largely beyond its control. The company also faces challenges with declining mail volume.
Reform Efforts: The USPS is implementing a 10-year "Delivering for America" plan to address its operational and financial issues. However, the agency is still falling short of its goal to break even."