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The USPS's unique financial burden is that they are forced by congress to pre-fund their pension obligations so they can't pull a Chicago, calculate things base
by dsfyu404ed 4y ago
The USPS's unique financial burden is that they are forced by congress to pre-fund their pension obligations so they can't pull a Chicago, calculate things based on insane assumptions of returns and go "whoops we're bankrupt" at some unspecified date in the future as many a pension system has done.
In literally any other context you would be cheering this on.
Congress has done a lot of terrible things but the burden they have placed upon USPS isn't one of them.
- tomrod 4y agoThat's one of the budget issues, yes, but not the only one.