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>USPS continues to bleed money but that's due to the mandate from Congress about pre-funding pensions. That's a requirement that nobody else has - see the artic
by treis 8y ago
>USPS continues to bleed money but that's due to the mandate from Congress about pre-funding pensions. That's a requirement that nobody else has - see the articles about the 3rd-largest coal company declaring bankruptcy and shedding its pension obligations.
The USPS hasn't actually made those payments in years.
All that the USPS has to do is put aside enough money to pay for pension obligations they incur. That's not "pre-funding" anything. It's paying for an expense that the business incurs. If they can't do it then they're bankrupt and should be reorganized so that they don't incur expenses they can't pay. Coal companies going bankrupt and shedding pension obligations is exactly the thing that's trying to be avoided.