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USPS is self supporting? It doesn't seem like it. According to this report by they feds they've been operating at a loss for most years since 2008. $2.1B loss
by varenc 6y ago
USPS is self supporting? It doesn't seem like it.
According to this report by they feds they've been operating at a loss for most years since 2008. $2.1B loss in 2018.
https://www.prc.gov/sites/default/files/reports/FY%202018%20Financial%20Analysis%20Report.pdf#page=4 https://www.prc.gov/sites/default/files/reports/FY%202018%20...
- kelnos 6y agoThe Postal Accountability and Enhancement Act of 2006 requires the USPS to pay over $5B annually to pre-fund future retirement benefits (an amount greater than their usual yearly profits prior to this). No private courier would ever be saddled with a requirement like that. It's clear that this requirement was put into place by people who want to make the USPS look bad so it's an easier argument to kill it.