Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: dinodino
you missed a lot of things ~ the USPS borrowing system is arcane to say the least, but no, they don't borrow from the US government BUT the US government has currently borrowed the retirement funds deposited with OPM or their employees.

The $5.4 billion payment is one of a number. They finally ran out of money.

I am tired of subsidizing the taxpayers!

25 posted on 02/08/2013 4:08:48 PM PST by muawiyah
[ Post Reply | Private Reply | To 19 | View Replies ]


To: muawiyah

No, it seems like YOU missed a lot of things.

The USPS does borrow money from the taxpayers: http://money.cnn.com/2013/02/06/news/economy/postal-service-cuts/index.html

They also lost $16B last year. The last time you claimed that the USPS was solvent, I did the math for you and posted the loss in 2012, EXCLUDING pension payments. You may go look it up in that thread if you are still hazy on these points.

As a taxpayer, I am tired of subsidizing a bunch of lazy union USPS employees who enjoy an anticompetitive monopoly on First Class mail. Break up the USPS for scrap and sell it off, or failing that, terminate the taxpayer loan facilities and eliminate the monopoly and let’s see if the USPS can stand up on its own two feet or if it collapses under the weight of all of the fat union morons.


43 posted on 02/08/2013 6:37:49 PM PST by dinodino
[ Post Reply | Private Reply | To 25 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson