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Yep! Though, to be fair it's complicated. Requiring them to fully fund their pension obligations rather than use pay-go accounting is absolutely fair. Not only
by wahern 8y ago
Yep!
Though, to be fair it's complicated. Requiring them to fully fund their pension obligations rather than use pay-go accounting is absolutely fair. Not only fair, it should be entirely uncontroversial. And I think it would be relatively uncontroversial, partly because the USPS is slowly making ground. IIRC they're past 70% funding and it's steadily improving.
Setting aside the partisan politicking that has hijacked the debate, IIRC the real bone of contention are the healthcare liabilities. Congress won't allow the USPS to cut retiree healthcare benefits even though the union contracts permit this. Healthcare inflation grew substantially larger than expected. Though this wasn't entirely unforeseen--it's why the contract permits cutting benefits. This is what's actually bankrupting the USPS. Healthcare benefits are only funded to something like 30%, and the USPS simply can't gain any ground because of healthcare inflation.
- mjevans 8y agoThe best fix for this is Single Payer - healthcare is a COST, only disasters and horrid genetic "luck" are things that can be bet against across populations.
- godzillabrennus 8y agoThe single payer arguement will win out. It’ll take the end of the era where geezer baby boomers were controlling government to get it done.