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He also had a good idea of making people who want USPS pay a very minimal surcharge (a few bucks a year) to stop the hemorrhaging of tax payers money by the US

He also had a good idea of making people who want USPS pay a very minimal surcharge (a few bucks a year) to stop the hemorrhaging of tax payers money by the USPS.

Cornbilly 2y ago
https://www.uspsoig.gov/focus-areas/did-you-know/do-my-tax-dollars-pay-postal-service https://www.uspsoig.gov/focus-areas/did-you-know/do-my-tax-d...
- nodesocket 2y ago
  In 2024, the United States Postal Service (USPS) reported a net loss of $9.5 billion, an increase from the $6.5 billion loss in fiscal year 2023. So, who's paying for the losses then?
  - Cornbilly 2y ago
    The take loans from the Treasury to cover the shortfall.
jkestner 2y ago
80% of this hemorrhaging is due to the prefunding pensions requirement that Congress put upon the USPS. And it’s a service! It’s not supposed to make money. The government is not an investment firm for taxpayers. You might as well ask when we’re going to scale back the military. We hardly use it and it’s running at a loss!
rezonant 2y ago
Firstly, since 1971 the Postal Service has operated independently, receiving no taxpayer money (other than about $100 million allocated by Congress to offset the cost of providing free mailing for blind people, overseas mailing, etc). Until 2006, the Postal Service was entirely self sufficient, with no debt and no need for taxpayer funding. However, in 2006 Congress passed a law requiring the Postal Service to prefund future retiree's health benefits (75 years in advance), which costs $5.6 billion per year. By 2012, the Postal Service hit its $15 billion debt limit, directly because of this. The Postal Service itself does not lose money, and does not require funding, because it sells postage-- mailing is not free. The insane policy that Congress has foisted on it does lose taxpayer money, by requiring it to do something as far as I know no other organization does or is required to do. If you want to fix the budget deficit at the Post Office, simply get that law repealed.
- Earwig 2y ago
  It seems like the Postal Service Reform Act of 2022[1] already did this, is that right? [1] https://en.wikipedia.org/wiki/Postal_Service_Reform_Act_of_2022 https://en.wikipedia.org/wiki/Postal_Service_Reform_Act_of_2...

He also had a good idea of making people who want USPS pay a very minimal surcharge (a few bucks a year) to stop the hemorrhaging of tax payers money by the USPS.

Cornbilly 2y ago

https://www.uspsoig.gov/focus-areas/did-you-know/do-my-tax-dollars-pay-postal-service https://www.uspsoig.gov/focus-areas/did-you-know/do-my-tax-d...

nodesocket 2y ago
In 2024, the United States Postal Service (USPS) reported a net loss of $9.5 billion, an increase from the $6.5 billion loss in fiscal year 2023. So, who's paying for the losses then?
- Cornbilly 2y ago
  The take loans from the Treasury to cover the shortfall.

jkestner 2y ago

80% of this hemorrhaging is due to the prefunding pensions requirement that Congress put upon the USPS. And it’s a service! It’s not supposed to make money. The government is not an investment firm for taxpayers. You might as well ask when we’re going to scale back the military. We hardly use it and it’s running at a loss!

rezonant 2y ago

Firstly, since 1971 the Postal Service has operated independently, receiving no taxpayer money (other than about $100 million allocated by Congress to offset the cost of providing free mailing for blind people, overseas mailing, etc). Until 2006, the Postal Service was entirely self sufficient, with no debt and no need for taxpayer funding. However, in 2006 Congress passed a law requiring the Postal Service to prefund future retiree's health benefits (75 years in advance), which costs $5.6 billion per year. By 2012, the Postal Service hit its $15 billion debt limit, directly because of this. The Postal Service itself does not lose money, and does not require funding, because it sells postage-- mailing is not free. The insane policy that Congress has foisted on it does lose taxpayer money, by requiring it to do something as far as I know no other organization does or is required to do. If you want to fix the budget deficit at the Post Office, simply get that law repealed.

Earwig 2y ago
It seems like the Postal Service Reform Act of 2022[1] already did this, is that right? [1] https://en.wikipedia.org/wiki/Postal_Service_Reform_Act_of_2022 https://en.wikipedia.org/wiki/Postal_Service_Reform_Act_of_2...