Timeline for Does the USPS post office lose $6 billion per year and require taxpayer bailouts every year?
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12 events
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| Oct 16, 2017 at 20:01 | comment | added | user1530 | @JackOfAllTrades234 yes, thanks. That's a good clarification. It's technically it's own thing, I guess. | |
| Oct 16, 2017 at 18:42 | comment | added | Jack Of All Trades 234 | @blip It's worth pointing out that USPS is not a private company, nor is it a government-owned company. It's just a part of the executive branch. Amtrak and the TVA are government owned companies (the TVA in particular is a poster child for why we should nationalize anything resembling a utility and follow it's example.) | |
| Oct 15, 2017 at 21:14 | comment | added | user1530 | @Chloe that's not entirely true. It's not a traditional for-profit business. It's a private company running a service mandated by congress. It's a rather unique thing and yea, a bit of mess. About the only parallel I can think of is Amtrak...also an entity that's supposed to be self-sufficient financially, but restricted by congressional mandates out of its control. | |
| Oct 15, 2017 at 20:07 | comment | added | Chloe | Wow I read the first link and I can't believe they had the nerve to try "pay-as-you-go" when the writing is on the wall they will be gone in 75 years. They've lost money most of their entire existence (from the chart in another answer) and they expect to "pay-as-you-go"? Seriously? With people living much longer? They are just trying to promise the moon to suckers to get them to work there, with no real intention of fulfilling their commitment, knowing they will be long gone. | |
| Oct 15, 2017 at 15:06 | vote | accept | Chloe | ||
| Oct 14, 2017 at 20:44 | comment | added | ohwilleke♦ | "As usual with accounting, because the income is less than expenses." On an accrual basis, yes. On a cash basis of accounting, no. The answer depends on accounting conventions. | |
| Oct 14, 2017 at 1:18 | comment | added | user4012 | @Chloe - that was probably 0.9 AFTER overfunding. | |
| Oct 14, 2017 at 0:59 | comment | added | Chloe | Was post office retiree healthcare benefits a new thing started in 2006, or was it an existing benefit plan that USPS was failing to fund? | |
| Oct 14, 2017 at 0:56 | comment | added | Chloe | How can they overfund their pensions $70B when the chart shows they only made $0.9B income in 2006? | |
| Oct 14, 2017 at 0:54 | history | edited | user4012 | CC BY-SA 3.0 |
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| Oct 14, 2017 at 0:38 | history | edited | user4012 | CC BY-SA 3.0 |
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| Oct 14, 2017 at 0:23 | history | answered | user4012 | CC BY-SA 3.0 |