These are not Businesses. Sit down.
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Also the US military
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Public services were never created with the intent that they would turn a profit.
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Aren’t those losses driven by the unprecedented requirement that USPS have its pension system fully funded to 75 years out?
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Same for national and state and county parks.
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US military loses $700B a year.
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Proposal
@ewarren,@SpeakerPelosi: legislatively mandate all mail-in ballots as "Priority Mail"--USPS says Priority Mail is not affected by COVID/other delays. Pass legislation to fund difference in PM cost as part of federal relief--also functions as USPS relief funding.pic.twitter.com/e4BGjhzwaC
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I mean, besides the IRS, does any government agency make money?
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The USPS lost about $4 billion in 2019 but was profitable in 2018 and 2017, not that the Economist cares too much about facts when ideology is involved. It has added over $4 billion in cash each year to a mandatory pre-fund of retiree health costs, now at $50 billion and growing.
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