Lt_Ryan: Slaves2Darkness: Because no other business or government entity has ever been forced to pre-fund retirement benefits 100% in such a short time. The USPS was not allowed to raise rates, cut service, or hell even close a lot of facilities with out congressional approval, which they are not giving, but are being forced to make these payments.Forced does not mean that companies don't prefund, about a 1/4 companies prefund that expense. An employee is promised health care after they retire, an organization estimates what that will cost. You can either actually fund what you have promised or not show anything until that person retires. Now most of us would consider an IOU to be a debt and that should be accounted for but common sense doesn't always make it into law. The USPS has over half a million employees most of which will retire and will be provided with health care, the USPS was not accounting for the cost that they owed to current employees and would only fund when someone actually left. This is sustainable in a growing environment, but with declining mail volume in the future the USPS would have even a harder time funding the health care cost.Even today they are going to post a $15 billion loss of which only $11 billion is the healthcare issue. What will happen in 10 years when the USPS has even less volume and revenue and the health care fund is empty too. Then either the USPS workers can go without benefits or the tax payer will pick up the bill.Sorry but I'd prefer the USPS to fund it's own employees, or make the necessary cuts needed to become sustainable. I'd also prefer the USPS not to sell my name and address to advertisers so I can get even more junk mail, which btw is one of the strategies they have to become sustainable.We don't live in the 1800 or 1900s. Postal mail is not what is was in the past, newer forms of media have taken over. Newspapers that were as vital to the country and predate the mail system have undergone massive changes in the ...
Artcurus: What part of "LAST MILE" do you not understand? UPS/Fedex often use USPS for remote, rural delivery. Also, UPS and FEDEX CANNOT COMPETE for the sheer volume of mail that is still going through USPS, at the price level that USPS is offering.You want the USPS to fail? FINE! Get ready to pay three to four times more when you need a letter or something else mailed.Having a functional postal system is part of living in a First World country.And as many of the posters have already pointed out, it was the artificial restriction of forcing the USPS to prefund retiree that's causing this mess.
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