We have something longer coming out on this, but the USPS losses aren’t losses in a literal sense. They’re the result of missed pre-payments into the USPS’s retirement fund that Congress has forced them to do. It’s an insane situation, and without it the USPS would make a profit.https://twitter.com/JohnArnoldFndtn/status/1249339395590815744 …
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I read the thread and can both get what you are trying to say about how the pension is accounted for differently than “they just paid for 75 years of pensions every year” and how without this onerous pension structure USPS would not lose money. These aren’t mutually exclusive.
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The problem isn’t the pension funding - the problem is the pension liability. Any business’s financial condition appears to improve if you ignore costs; that doesn’t change the underlying financials.
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Yes but it's not profitable because it's forced to operate at a loss in areas that no private corporation would at the same price point. This is basically an intentional subsidy of rural America. It's unironically "a feature not a bug".
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