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

To: wita

The USPS isn’t in reality losing money. In 2006 Congress passed the Postal Accountability and Enhancement Act. In that law they required the USPS to prefund it’s retiree health care benefits for the next 50 years. No private company, and no other governmental agency, is required to do that. All others are pay as you go. That fund comes out to $75 billion dollars to be funded in a 10 year span.


20 posted on 09/01/2011 9:11:31 AM PDT by kcvl
[ Post Reply | Private Reply | To 18 | View Replies ]


To: kcvl

Thanks for the reminder, I have heard of this issue, and it sure is another example of that old government saying, “we are here to help”.


24 posted on 09/01/2011 9:31:29 AM PDT by wita
[ Post Reply | Private Reply | To 20 | 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