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by Velchronus
2585 days ago
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This is a meme with no basis in reality. > Because republicans have spent decades trying to kill it. Before the post office was forced to pay pensions fund up front by republicans [1] it was self sustainable. The PAEA was passed unanimously in both chambers of Congress and with the support of two of the employee unions.
source: https://www.govtrack.us/congress/bills/109/hr6407 The pre-funding period ended in 2017 -- Current retirees are paid from this fund. Since the USPS missed the majority of its payments to the PRHB, the fund is currently running deficits and will be depleted by 2030.
source: https://www.gao.gov/assets/700/694188.pdf That means that even if it was "Pay As You Go", it would not be self sustainable. |
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