First thing that has to be done: Audit the USPS.
Second thing that has to be done: *Force* employees to be responsible. No more scanning in the day’s load of mail in the parking lot, then chucking the mail down the nearest sewer.
In my opinion the prefunding requirement was established to create a cash slush fund for a spending spree by congress.
Social Security has a $13.4T deficit that the government spent on Pork. With an estimate of $200T of unfunded debt many of us will not get our retirement funds.
Best plan is...stuff all public sector union employees in a gunny sack with a handful of lugnuts, and pitch it in the river!
The Postal Service has been having problems for decades.
Their problem is that they always want more money.
My Grandfather told me that everyone I met would tell me that they are overworked and underpaid.
He was right.
A while back we got hooked w/online shopping, e,g,, amazon.com whre we liked the UPS delivery in a coupla days, etc.
Alla sudden USPS started delivering our amazon.com stuff...apparently amazon has made a deal w/USPS to deliver vice UPS!
Guess what?!
Anyone else notice???
Yeah, back to same old problems, which surely must reflect on amazon.com....hoping they catch-on soon and go back to UPS! Cannot understan why Amazon would want to be associated w/the #1 outfit for ineptness...???
of course, $$$ somewhere in da woodpile!
Semper BS!
@ Planet WTF!
*****
Kasich father is dead, so it won’t affect him.
From CNBC:
“LL: If the postal service cannot pay, American taxpayers will be on the hook for those postal benefits correct?
“Chairman Issa: That’s correct. Postal employees are federal employees. All federal pension and retirement benefits are paid from the U.S. Treasury. Since the Postal Service’s operating costs are collected from ratepayers, the Postal Service pays the U.S. Treasury for the costs of federal pension benefits postal workers are legally entitled to receive. Even if the Postal Service cannot or does not make these payments, postal workers are still entitled to pension benefits from the Federal government. So it’s ultimately taxpayers who get stuck with the bill if the Postal Service can’t pay the Treasury for the costs of pensions.”
It is the same for any payment from the Federal Gov including Social Security. There are no trust funds, lock boxes, pension plans, sacred trusts, intergenerational agreements, etc.. at least none that are in anyway legally binding on taxpayers.
The check you receive today was paid from money taken today from someone else. the check you receive today may be eliminated or modified by mere poitics.
Please, no lectures on “earned”, “need”, “service”, “sacrifice”, “selfish”, “fraud”, “cut waste”, “illegals”... any and all of it could be true but it doesn’t change the simple fact that Federal pensions are not earned or accounted for like private pensions. No one can lay claim to the US Treasury beyond the next election.