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To: muawiyah
Does the PO currently take in enough revenue to pay for the services it provides without it's retirement pre-fund payments?

I am thinking of this

The tab comes from increased borrowing authority for the Postal Service, allowing it to borrow $11 billion more from Treasury. The Postal Service can currently borrow up to $15 billion, and has tapped $12 billion of that loan.
The other cost comes from elimination of regular billion-dollar payments, now required by law, to Treasury to pre-fund health care benefits for retirees. That $23 billion would ease financial pain for the Postal Service, but it also means less revenue to ease federal deficits.

Plan to fix Postal Service passes Senate tm

16 posted on 08/01/2012 9:35:39 AM PDT by sickoflibs (Romney is still a liberal. Just watch him. (Obama-ney Care ))
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To: sickoflibs
The intent of the Postal Reorganization Act was to create USPS so that it neither lost money, nor did it make a profit.

There isn't supposed to be anything left over.

The trick here left me thinking that most of our senior Republican Senators (they did this one) are SENILE and should be removed.

The issue is really one of inter agency transfers ~ and currently Congress doesn't really care about deficits. The Senate can't even pass a budget so how'd they know if there was one anyway.

19 posted on 08/01/2012 10:09:55 AM PDT by muawiyah
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