Bill Randall wrote:
That is because congress, in 2006 ordered the post office to pay $5.5 bil a year, until 2016, ( i think ) to fund their pension 75 years out. No other gov, or private company has had to do that. For some reason it seems they are trying to force them to go bankrupt.
If it was a good idea for the post office, it should be a good idea for other government programs like Social Security. I would like to know the rationale for 75 years. It seems to me that is too many years.
My guess is Fed Ex or UPS used their influence to bankrupt the PO so they can pick up the slack.