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The US Postal Service has been running at a loss since 2007. It lost $9.5bn last year, despite a colossal bailout in 2022 that was supposed to return it to prof
by jdietrich 1y ago
The US Postal Service has been running at a loss since 2007. It lost $9.5bn last year, despite a colossal bailout in 2022 that was supposed to return it to profitability. Most of these losses can be attributed to pension and healthcare costs. The USPS is pretty much the worst example of a sustainable nationalised business that you could possibly choose.
- Aushin 1y agoOnly because of legislative sabotage in 2006 by right wing ideologues determined to prove that public services "can't work" https://www.congress.gov/bill/109th-congress/house-bill/6407 https://www.congress.gov/bill/109th-congress/house-bill/6407
- coryrc 1y agoThe problem that's at-least-purporting-to-address is one facing all the levels of government: boomers promised themselves future taxpayers would give them lots of services (money) while setting aside wholly insufficient capacity to make it fair to the future working citizens.