Hacker News new | ask | show | jobs
by sp332 4335 days ago
They haven't been putting money into that since 2011. And their own page shows they would have been at -$3B in 2010 even without the pre-funding mandate. https://about.usps.com/who-we-are/financials/annual-reports/...
1 comments

USPS has authority to run its own deficits quarter to quarter or year to year, and they have significantly improved their financial situation since the financial collapse and large drop in first class mail usage. Last year they would have run a surplus if it were not for the pre-funding liabilities: http://www.nytimes.com/2013/11/16/us/postal-service-trims-it... Congress needs to get out of the way and let the USPS succeed, but I fear the privatization interests are just setting them up for massive failure.