In response to:

Post Office Insolvency: Less Now or More Later

Phd3 Wrote: Apr 18, 2012 7:06 PM
Factoid: The postal service currently has 42 billion dollars set aside for pensions. That's more than the GDP of most countries.
tuttletacoma Wrote: Apr 18, 2012 7:13 PM
so remind us dimwit why postal employees can retire at age 55

guess sorting all those letters is so labor intensive they wear themselves out physically

but the idiots you are defending continue to claim they don't have enough money to pay for retiree pension and health benefits and how they want billions more in tax dollars

something idiots like you believe in giving them
Phd3 Wrote: Apr 18, 2012 7:16 PM
"the idiots you are defending continue to claim they don't have enough money to pay for retiree pension and health benefits"

Outright lie.
Phd3 Wrote: Apr 18, 2012 7:20 PM
The postal service has enough liquid cash to pay every pension liability through 2050.
ChuloDO Wrote: Jul 03, 2012 9:49 PM
They don't have enough money to pay for pension and health beneffits because the government mandated the USPS to prefund their retirement benefits for the next 75 years--and do it all in 10 years. That's unprecedented (and an unnecessary) burden on a specific entity and is easily interpreted as a bully tactic by those in Congress who want to see the USPS fail--or at least suffer. If a more reasonable imposition and time frame were in place, then the USPS would have plenty of money to pay for the health benefits that they are asking assistance with. Again, no other entity, public or private, has such strict imposition of funding requirements that the USPS does, and there is no reason that the USPS should.
Phd3 Wrote: Apr 18, 2012 7:11 PM
Here is another one:

From 2001 through 2008, minus the pre-funding requirement of the PAEA, the Postal Service experienced a cumulative surplus of more than $14 billion.

That's 14 Billion dollars in profit. 14 Billion. Anyone who claims the USPS is in dire financial straights is wrong.
Author's note: I'll have a full-length piece dealing with the impending Post Office bankruptcy and potential reform measure's coming up in Townhall Magazine. If the future of the USPS concerns you, you won't want to miss it.

That's the dilemma that faces policymakers when it comes to USPS reform. The Post Office will be in much more dire financial circumstances the more they kick the can down the road. Sens. Joe Lieberman, Susan Collins, Scott Brown and Thomas Carper have co-sponsored legislation that would start structural reforms of the USPS while allowing employee buyouts.