Survey on Ending Saturday Delivery
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The cause of the USPS deficit
The Postal Service lost $15.9 billion last year, and it is over $40 billion in the red for the past few years. The Postal Service blames the losses on the Internet and email, but nearly 80% of the deficit is due to a Congressional mandate requiring the Postal Service to pay $5.5 billion a year into a fund for retiree healthcare benefits. This fund covers the liability for the next 75 years, so it's for people who, in some cases, don't even work at the post office yet — or may not even be born. No other company or government agency is required to do anything like this.
1. Did you know that the Postal Service's deficit is caused primarily by a Congressional mandate requiring huge payments into a healthcare benefit fund for future retirees?
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