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USPS lost $8.8 billion in fiscal year 2019.

• toomuchtodo 7y ago
  Public goods don’t have to break even or generate a profit. They still deliver my mail like clockwork, and we’ll cover any pension obligations with taxes if there’s a shortfall because of Congressional action (which is why USPS loses money, due to Congress having unreasonable pension funding requirements specifically for USPS). If you require a bailout, you had your chance as a for profit concern. Entirely reasonable to run services at a loss as a government entity. Some services are simply expenses.
  • AnthonyMouse 7y ago
    > They still deliver my mail like clockwork "Makes the trains run on time" is a pretty weak argument when the alternative (e.g. UPS) has a demonstrated ability to do the same thing without losing billions of dollars. > If you require a bailout, you had your chance as a for profit concern. Entirely reasonable to run services at a loss as a government entity. Isn't this a double standard? A private entity loses money and requires a taxpayer bailout once, they've had their chance. A government entity loses money and requires a taxpayer bailout every year, cost of doing business?
    • toomuchtodo 7y ago
      We have bailed banks and airlines out repeatedly, not once. UPS is not mandated to deliver to every address in the United States six days a week, such that USPS is.
• ta999999171 7y ago
  Are they still required to set aside 50-75 years of retirement funds for every employee?