Everyone knows they won't and this is just a scare tactic to get more money. Our postal system works very well, but as a quasi-government agency has many spending, and profit issues that are not going to be solved by dumping more money on something that's being run like a charity, not a business. Until 1972 USPS was a government agency.
"Under a worst-case scenario, such downturn could result in the Postal Service having insufficient liquidity to continue operations."
If they would operate like any real business, maybe they could make a profit, instead of always being in the red.
I love the mail service and the deliveries to our home. I get my meds by mail, and of course the club magazine!
The USPS is not losing money on deliveries, that's against the law. They must at least break even on costs. So what's the problem?
The postal service has lost money for 11 straight years, mostly because of pension and health care costs. In 2017, the service lost $800 million on $69.7 billion operating revenue. Under a 2006 law, it must pre-fund 75 years' worth of retiree health benefits. Neither the government nor private companies are required to do that.
USPS employees do not pay into social security.
So I get a bit angry when I see something saying, we need to support the postal service or it may shut down. I see that more like blackmail and scare tactics to grab more money for a losing service, that is mismanaged and has dug itself into a hole.
Hey wait, Maybe Amtrak should also claim they will shut down because of the virus, so our taxes should go into funding that fiasco, which is also run into the ground by pension and health care expenses. I'll point out, I'm a rail fan and we should have good quality rail service for the entire country. But how AMTRAK is run is the problem, not whether it should be operational.
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