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US Postal Service no longer in immediate cash crisis, regulators say (www.newschannel5.com)
submitted 3 weeks ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works
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Regulators told lawmakers that an April decision to temporarily suspend some payments into a retirement fund has significantly improved the agency’s finances. The move is expected to free up about $2.5 billion this fiscal year.

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[–] inb4_FoundTheVegan@lemmy.world 47 points 3 weeks ago (4 children)

No one cares if the firefighters turn a profit. Why tf should we care if the postal service does? These services exist for the public good. This whole concept is completely asinine. Let's stop spending money on bombs and actually fund our public sector.

But no, the "America First" crowd doesn't give the first shit about American services.

[–] HubertManne@piefed.social 14 points 3 weeks ago

republicans passed a law awhile back requiring them to have their retirement funded for like 25 or 30 years out. Way longer than any other requirement and anything in the private sector. This was to make it unprofitable because they want to kill it like most other public things.

[–] VeryVito@lemmy.world 8 points 3 weeks ago (1 children)

Oh shit. WHY would you mention that firefighters may not be turning a profit??? Up next on the chopping block…

[–] Corkyskog@sh.itjust.works 4 points 3 weeks ago

It woul d really be a shame if this data center burnt down. For only 500k donation a year, we can make sure that probably won't happen.

[–] Zachariah@lemmy.world 3 points 3 weeks ago

“America First” just means they’ll move on to pillaging other countries next.

[–] Triumph@fedia.io -1 points 3 weeks ago (1 children)

Because USPS is not funded by taxes. It's entirely funded by providing services for a fee. If they operate in the red, they will fail.

[–] turtlesareneat@piefed.ca 1 points 3 weeks ago (1 children)

If that's the case why did they create it as a government service? Why didn't Benjamin Franklin just start a nice private corporation to do it? He could have made some money along the way being a shareholder.