posted on Aug, 2 2013 @ 10:24 AM
Originally posted by FlyersFan
No wonder the Post Office is going broke.
No, they are going broke because CONgress has ordered them to prefund their pension fund for the NEXT 75 YEARS.
But what has been lost in the political debate over the Post Office is why it is losing this money. Major media coverage points to the rise of
email or Internet services and the inefficiency of the post model as the major culprits. While these factors may cause some fiscal pain, almost all of
the postal service’s losses over the last four years can be traced back to a single, artificial restriction forced onto the Post Office by the
Republican-led Congress in 2006.
At the very end of that year, Congress passed the Postal Accountability and Enhancement Act of 2006 (PAEA). Under PAEA, USPS was forced to “prefund
its future health care benefit payments to retirees for the next 75 years in an astonishing ten-year time span” — meaning that it had to put aside
billions of dollars to pay for the health benefits of employees it hasn’t even hired yet, something “that no other government or private
corporation is required to do.”
They've been set up to fail, probably so someone can come in and take their place. Someone who's greased a lot of Republican palms, no doubt.
The photographing of the mail is creepy and hugely invasive (no doubt ordered by the NSA) but, its only one of many reasons the PO can't pay their