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by wildgift
4864 days ago
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Until this 2006 law that requires the pension to be fully funded for 75 years, and that this be achieved in three more years, the USPS was self sufficient. Postage paid for everything. No cost to the taxpayer. I remember when this was achieved in the 80s - it was on TV. This link has a lot of detail about the USPS. http://usgovinfo.about.com/od/consumerawareness/a/uspsabout.... |
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Well, self sufficient if you ignore their pension obligations.
The same logic says that if I run a business with $100 in revenue, that pays $50 in cash and $75 in IOUs to suppliers, it's profitable.