2 ms·
They were no where near insolvent. And, again pay attention: The pre pay requirement was no problem given the existing rate structure. Combining that pre pay
by ddingus 5y ago
They were no where near insolvent.
And, again pay attention: The pre pay requirement was no problem given the existing rate structure.
Combining that pre pay with a forced too low, giveaway to big publishing and contract delivery, rate schedule caused the problem.
And, it could all be fixed right now too. Just let the Post adjust the rates and they will be fine, and that adjustment will still be well below what the private carriers can manage, and it will still serve everyone while taking great care of its people.
They were forced by Congress to adopt a rate structure setup to fail, to create the conversation you are trying to have about it today. Doing that was unnecessary.
- SilasX 5y agoI checked back and can't believe you sill debated this point. If they weren't insolvent, then filling the gap wouldn't have been a burden! You can't have it both ways -- scream bloody murder that were hobbled by this requirement, but then also insist that they had the means to satisfy this requirement. You're right that maybe with a new rate structure they would have become solvent, but "solvency" is a "right now" question, not a "hypothetical post-restructure" question. Lots of orgs could become solvent if they could shuck off or restructure debt, but they still get called insolvent.