- Apr 19, 2005
- 7,461
- 500
- 126
The Post Office is actually in good shape if you remove the $161 billion in unfunded future obligations.
Congress in 2006 forced the Post Office to pre-fund 75 years post-retirement healthcare costs over a 10 year period. Something that no company can actually do. This was done to kill off the Post Office by dumb politicians.
The Post Office actual debt is $13.2 Billion (2018)....down from $15 Billion in 2017.
The Post Office can't raise it's prices without Congress approval and they don't live off of taxes either.
The Post Office is forced to deliver to 100% of homes....they can't cherry pick like Fedex and UPS.
Fedex & UPS still use the Post Office to make final deliveries to areas they don't serve.
The Post Office has 600,000 employees.
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I personally like the Post Office and don't want to pay $5 to send a first class letter. They also ship packages at lower rates.
Congress in 2006 forced the Post Office to pre-fund 75 years post-retirement healthcare costs over a 10 year period. Something that no company can actually do. This was done to kill off the Post Office by dumb politicians.
The Post Office actual debt is $13.2 Billion (2018)....down from $15 Billion in 2017.
The Post Office can't raise it's prices without Congress approval and they don't live off of taxes either.
The Post Office is forced to deliver to 100% of homes....they can't cherry pick like Fedex and UPS.
Fedex & UPS still use the Post Office to make final deliveries to areas they don't serve.
The Post Office has 600,000 employees.
----
I personally like the Post Office and don't want to pay $5 to send a first class letter. They also ship packages at lower rates.