Quote:
Originally Posted by retiredguy123
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."
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Curious: does the Army report their financial shortcomings? When was the last time the Department of Agriculture showed a profit? What about Health and Human Resources? Is ICE presenting a balance sheet in the black this year? The Library of Congress is earning how much, exactly, for our country? In US Dollars please.
Since when is ANY government agency supposed to turn a profit? America is not a corporation. The government doesn't exist to be profitable. It might, at some point, be profitable, but that isn't its purpose. Government agencies cost money. Most of them don't have any actual revenue at all, they just spend. The USPS is no different, they do have revenue but it is marginal compared to its costs to operate. It is working as intended.