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24 points
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Also, it WAS profitable, for the vast majority of its history. It only stopped being profitable something like 8-10 years ago, when Congress mandated that (IIRC) pensions had to be funded 70 years in advance.

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7 points

It sometimes seems like there’s nothing good in this country congress won’t eventually destroy. The USPS was, and is, mostly an excellent organization. Only sabotage will bring it down.

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2 points

Republicans are doing most of the destruction, not Congress as a whole.

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2 points

I mean, it would be nice if ALL government pensions had to be funded decades in advance. Singling out the USPS was some blatant bullshit though.

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5 points

Why? It would mean a massive pool of money just begging for some cockroach from Goldman Sachs to come around and dump it into mortgage backed securities.

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3 points

More people are retiring than are replacing them in the work force for one thing. Having pensions paid decades in advance means (in my mind) it smooths out somewhat instead of crashing.

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