3 ms·

If you call losing ~$1B+/qtr self funded, yeah they’re “self funded” https://about.usps.com/who-we-are/financials/financial-conditions-results-reports/fy2018-q

• ceejayoz 8y ago
  That's not really their fault. https://www.bloomberg.com/view/articles/2018-04-04/congress-not-amazon-messed-up-the-u-s-postal-service https://www.bloomberg.com/view/articles/2018-04-04/congress-... > The law requires the Postal Service, which receives no taxpayer subsidies, to prefund its retirees' health benefits up to the year 2056. This is a $5 billion per year cost; it is a requirement that no other entity, private or public, has to make. If that doesn't meet the definition of insanity, I don't know what does. Without this obligation, the Post Office actually turns a profit. Some have called this a "manufactured crisis."
  • cascom 8y ago
    alternatively, it means that all those other institutions are actually loss making when one factors in their pension obligations