The only reason the USPS is in the red is because congress dictated in 2006 that USPS be required to pre-fund 75 years worth of future retiree health benefits over a 10 year period to the tune of $5.5 billion a year. Our deficit because of this is 20 billion dollars. We have paid in 21 billion dollars. If it were not for this pre-funding requirement we would have posted a profit. This dire predicament is congress' fault, not the USPS's. Check you facts before election day.
The only reason the USPS is in the red is because congress dictated in 2006 that USPS be required to pre-fund 75 years worth of future retiree health benefits over a 10 year period to the tune of $5.5 billion a year. Our deficit because of this is 20 billion dollars. We have paid in 21 billion dollars. If it were not for this pre-funding requirement we would have posted a profit. This dire predicament is congress' fault, not the USPS's. Check you facts before election day.
ayquetriste 5 months ago