Boom...

While there are many factors that led to the USPS’ current state of debt, there are two primary reasons why that debt has now balloomed. In 2006, the Postal Accountability and Enhancement Act (PAEA) ordered the USPS to pre-fund employee retiree health benefits for the next 75 years.

From 2007 through the 2019 fiscal year, the USPS lost $77 billion and hasn’t contributed to its retiree health care fund since 2012. “USPS has missed $48.2 billion in required payments for postal retiree health and pension benefits through fiscal year 2018,” the Government Accountability Office reported in March.


They need to cut the FAT. In a 10 mile circle here there in no more then 500 people but there are 3 post offices, each postmaster makes over 70k a year with full benefits and family coverage.

The U.S. Postal Service has the largest retail network in the country, using its more than 31,000 locations to provide vital services like mailing and shipping, passport processing, and money orders to the American public. But did you ever wonder if post offices produce enough revenue to cover their operating costs?

USPS is one of the largest employers in the nation, with 574,000 career employees and thousands of retired employees.

Its easy to find the gov. has been kicking this can for YEARS.

If there was a part of the gov, that needs torn down and rebuilt its the usps...... the only logical answer is SOMEONE is making big money off keeping the current system in place.

I wont even go into Amtrack.....

But hey, as long as folks live on credit and think the norm is 4 cars leased and a huge mortgage vs living within ones means WHO can complain when there own house is not in order.