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re: Why is the USPS allowed to continue to operate at a loss each and every year?

Posted on 4/2/24 at 9:22 pm to
Posted by Kafka
I am the moral conscience of TD
Member since Jul 2007
142935 posts
Posted on 4/2/24 at 9:22 pm to
Someone posted here on TD that by far the major USPS debt comes not from operational costs but from pensions
Posted by YipSkiddlyDooo
Member since Apr 2013
3648 posts
Posted on 4/2/24 at 9:58 pm to
quote:

Someone posted here on TD that by far the major USPS debt comes not from operational costs but from pensions


Apparently few people here have bothered to figure why USPS recently started operating at a loss. They actually provide a service that did (and still would) run entirely on the revenue generated from postage, if not for Congress. Virtually all of the USPS’ operating losses are due to the fact that Congress passed a law requiring them to pre-fund 75 years of future retirement benefits.

Their pension (like most) is bloated, and a huge liability at this point. But they are actually one of the more efficient government services. Maybe the most efficient and effective. And would be profitable if not for the government…which is ironic.
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