[preacher]

Have these overpayments to retirement funds been one reason postage rates have been increased?

[NaturalBornConservative]

“Have these overpayments to retirement funds been one reason postage rates have been increased?”

Yes. And good point. Instead of thinking that they lost $7 billion last year, the USPS would be $68 billion to the good and not need to raise postage. Heck, they could be cutting postage!

[NaturalBornConservative]

preacher
“Have these overpayments to retirement funds been one reason postage rates have been increased?”

“Yes. And good point. Instead of thinking that they lost $7 billion last year, the USPS would be $68 billion to the good and not need to raise postage. Heck, they could be cutting postage!”

*And to make matters worse, the OIG seems to think that the CSRS has the money just sitting there, but he might want to check the government’s 9/30/10 financial statements, Note #24 to be exact. The notes reveal that there is “a $765.6 billion deficit in the Civil Service Retirement and Disability Trust Fund”. So I think that the money is gone now. In effect the Treasury has been milking money out of us through the postal service to cover liabilities and deficits in other parts of the government. What a sham.

United States Government Notes to the Financial Statements for the Years Ended September 30, 2010, and 2009 - http://www.fms.treas.gov/fr/10frusg/10notes.pdf

[dragnet2]

Have these overpayments to retirement funds been one reason postage rates have been increased?

Hmmmm...