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I was about to say, a $1.3 quarterly loss isn't that bad these days when it comes to USPS!
Yeah, design and print some more new postage stamps. Spend some more money.
And I re-read the article to see where the information was about the mandate made by congress that is causing all this to happen. They must have forgotten to report that. Before anyone comments about this organization could we at least put all the cards on the table including the what some members of congress would like to happen to the USPS? I am not defending the USPS; I just think that all the information/reasons should be reported, instead of about half of it.
Every time they have a story about the USPS the numbers don't seem to add up. First they lost billions even after the $5 billion for the retirement plans and now they are reporting they would have had a profit if it wasn't for that requirement.
What was their losses the second and third quarters. If the first was 3.3 billion and the fourth 1.3 billion that comes to 4.6 billion. Unless they loss less that 300 million during those two quarters combined, which doesn't sound right, something doesn't add up.
This is just more fodder for the people who would like to dismantle the USPS, even though it doesn't cost taxpayers anything and it is constitutionally mandated. The 75-year mandate of funding retiree benefits is the only reason this is a debate at all. No other public or private entity has this mandate.
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