
Originally Posted by
GeoFisher
There are no links, because it is NOT TRUE.
The USPS is in trouble because they **** and managing business, cannot compete with FedEx and UPS, and have horrible unfunded liabilities like health care and pensions.
The biggest reason the USPS cannot pay back the 5 billion is because back in 2006, the FED gubment told the USPS they must prepay 80% of their unfunded liabilities. This is to ensure that all those benefits for USPS workers can be paid in 20 - 30 years. Without those changes the USPS was on track to be bailed out. Hell, they still may need a bailout.
They cannot compete, and they actually SUED FedEx a few years ago because they were delivering "first class" mail more effectively and efficiently than the USPS.....yea, if you cannot beat your competition, SUE THEM.
Gotta love it.
Later,
Geo