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Congress passed a law in 2006 stating that the USPS must pre-fund benefits. It didn't allocate any money for it, though. It's the equivalent of your credit ca
by ascagnel_ 11y ago
Congress passed a law in 2006 stating that the USPS must pre-fund benefits. It didn't allocate any money for it, though.
It's the equivalent of your credit card company saying "we think we'll end up lending you $1m over the lifetime of the card, so can you pay us back all of that up front?"
- ceejayoz 11y agoAs with defunding the IRS, the intent likely being to ruin them financially so they can point to the USPS and say "See? Government can't run anything properly! Let's give the business to my friend over here..."
- ck2 11y agoActually with USPS it is more insidious than that. Congress wants to force USPS to allow private corporations access to your mailbox and replace USPS entirely with privatized services. Then congresspeople can use their re-legalized inside trading to invest in those private corporations ahead of time with the knowledge they are about to pass the law to make it legal.
- flubert 11y agoI still haven't figured out why this is so controversial. You have a service that seems to be in inevitable decline. Instead of pretending that future revenue will always be enough to cover pension requirements, why not take steps now to prevent problems in the future? Maybe the disconnect is that some people are predicting a resurgence in letter writing?