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by Eridrus
24 days ago
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USPS is also not paying for the pensions that they already incurred, and those are actually even larger ($20bn/yr). Anyway, Congress did already rescind the requirement that USPS prefund the pensions (a 57bn debt forgiveness), but this is all just hiding the ball, the 9bn in pension liabilities being incurred now are real. Even if you don't prefund them now, an honest accounting says that these are part of your costs today. A privatized USPS would likely get rid of pensions entirely. |
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