Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: muawiyah

You are misinformed perhaps intentionally about the USPS. The USPS is heavily subsidized in addition to its legal monopoly. Postal rates will not come close to covering retirement costs. The USPS like the rest of the federal government does not have a portfolio to fund its retirement (pension and health care) benefits. According to this CATO report,

“Unfortunately, the U.S. Postal Service also is effectively bankrupt. The USPS expects to lose about $7 billion this year. The post office already has borrowed roughly $13 billion from Uncle Sam. At the end of 2009, USPS had $33.5 billion in outstanding liabilities and another $54.8 billion in unfunded retiree health and pension obligations.”

http://www.theoaklandpress.com/articles/2010/10/23/opinion/doc4cc3a237064f2250546497.txt?viewmode=default

Your definition of earn is laughable. Earn implies an arm’s length transaction between buyer and seller. Government labor cartels have vociferously lobbied for total compensation far above market levels. USPS management has an inherent conflict of interest with taxpayers.

The USPS like the rest of the federal government is a train wreck with no possible way to meet its future liabilities. Your assertions are false, similar to propaganda from labor cartels.


61 posted on 12/27/2010 8:16:59 AM PST by businessprofessor
[ Post Reply | Private Reply | To 49 | View Replies ]


To: businessprofessor
You are woefully uninformed. USPS is already overpaid into the FERS system by $78 billion. The FEHB payment is 5 years in advance.

And yes, folks at USPS work for a living doing something productive.

You, the people on the delivery end, are LEACHES.

There are ways you could be brought to pay for your services but they've always been thwarted by Congress. It could be done though. Then we could talk about who pays what.

63 posted on 12/27/2010 9:23:57 AM PST by muawiyah
[ Post Reply | Private Reply | To 61 | View Replies ]

To: businessprofessor

Now, where’s this subsidy? I want some of it.


64 posted on 12/27/2010 9:25:23 AM PST by muawiyah
[ Post Reply | Private Reply | To 61 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson