“I’m surprised that people still don’t know that the Post Office does NOT receive any tax dollars.
Nine, Nada zilch. They have not been subsidized in nearly 20 years. The Post Office PAYS into the Treasury billions of dollars a year.”
No. The post office pays in approximately 3B a year LESS to the treasury than the liabilities incurred for employee benefits. So who do you think will pay that bill? Hint: it’s not the USPS. The post office owes the “federal finance bank” some 15 billion dollars. Who do you think is going to pay that back? Where do you think that money came from?
Hint: the taxpayers.
So you are probably at least 25 billion dollars wrong on your statement (in present balance, excluding future liabilities) that “doesn’t receive taxpayer dollars”
Do you have a response for that?
Not true. The Post Office was 75 years ahead in their payments when they started shaving off the 3B a year. When the USPS was flush with money before internet they agreed to the large ahead of schedule payments.
Those payments were helping Congress tamp down the deficit. The employee benefits are fully funded at this time. There is no liability except Congress obviously already spent the funds as with everything.
In 70 years it might be different if Congress continues to hamstring the USPS by not allowing them to branch out in ways that could make them profitable.
BTW I’m a retired Postmaster. 30+ years with USPS