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The USPS has lost money over the last decade even if you discount the mandated pension fund payments. Pension costs haven't helped, but the USPS would be in the
by magila 6y ago
The USPS has lost money over the last decade even if you discount the mandated pension fund payments. Pension costs haven't helped, but the USPS would be in the red anyways due to declining mail volume.
- jimktrains2 6y agoSo, you're saying you don't think it's possible that the substantial sums of money that had been forcibly funneled away from them couldn't have been spent over the past 10 years to improve their operations and change the prognosis of your simple arithmetic?
- magila 6y agoWhat money? Like I said, the USPS has been losing money even before it makes the pension payments. To cover it's pension costs the USPS has been taking on debt from the treasury.
- jimktrains2 6y agoDebt has both monetary and opportunity costs. My point is that because of those costs and that I don't think that it's fair to say things would have turned out exactly the same minus the pension money, it's unfair to say they would still be red or by how much.