Make MAGA pay for the Wall Street

[Minimalist]

Post Office has contradicted the claim they lose money delivering Amazon parcels.

It was my impression First Class Mail was the big money loser and the collectibles and parcels were profitable.

The post office is losing money because of an accounting game that Congress pulled on them in 2006.  It has nothing to do with declining first-class mail, Amazon, Bezos, the Washington Post or the fucking orange shitgibbon.

In 2006 Congress finally passed a new law that again rearranged the chairs but gave the Postal Service little net benefit. The Postal Service was allowed to tap into its escrow money and pension obligations for military service were shifted back to the US Treasury. But again a quid pro quo was required that negated any financial benefit to the Postal Service. To achieve unified budget neutrality the USPS was required to make 10 annual payments of between $5.4 billion and $5.8 billion to the newly created Postal Service Retiree Health Benefits Fund. The fund could not be tapped to pay actual retiree health benefits during those 10 years. The level of the annual payments was not based on any actuarial determination. The numbers were produced by CBO as the amounts necessary to offset the loss of the escrow payments.

http://www.onthecommons.org/magazine/how...Po3IN.dpbs