3 ms·
> So basically the USPS was already losing a ton of money The USPS isn't losing a ton of money. It is profitable. The "loss" is that congress mandated that t
by tasty_freeze 9y ago
> So basically the USPS was already losing a ton of money
The USPS isn't losing a ton of money. It is profitable.
The "loss" is that congress mandated that the USPS accumulate 75 years worth of employee retirement funds and gave them 10 years to do it. So they "lose" $5B a year because they are not able to pay that amount into a retirement fund.
- mikeash 9y agoDon’t knee jerk this as a political thing. They’re saying that the USPS loses money on this service. It has nothing to do with their overall profitability or Congressional action or whatever.