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To: Oceander
the USPS' own 2010 annual report is revealing

Page 9 is very revealing.

Unlike any other public or private entity, under a 2006 law, the U.S. Postal Service must prefund retiree health benefits. We must pay today for benefits that will not be paid out until some future date.

and...

Adopting a traditional “pay-as-you-go” method would produce an average of $5.65 billion in additional cash flow per year through 2016.

46 posted on 08/08/2011 1:57:35 AM PDT by Route797
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To: Route797

In other words....?


47 posted on 08/08/2011 4:36:19 AM PDT by Oceander (The phrase "good enough for government work" is not meant as a compliment)
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