3 May 2017 2:52 pm
A blast from the past.
2. Congress forced them to overfund their pension fund in order to try to drive them into bankruptcy, so they would have the excuse they needed to privatize them.
Fast forward to 2017:
More lies.RichClem » 16 Dec 2013 4:10 pm » wrote: That "profit" didn't include the massive unfunded liabilities for employee retirement benefits the Post Office was going to have to pay.
Imbecile.
1. Their pension fund was never 'unfunded.'RichClem » 14 Dec 2013 8:52 pm » wrote:The average postal worker works moderate hours, has nearly 100% job security, and retires far earlier than the average American with a massive retirement and benefits package.
That's why Congress forced the Post Office to fund its mostly unfunded pension obligations; to prevent you from looking for another taxpayer bailout.
2. Congress forced them to overfund their pension fund in order to try to drive them into bankruptcy, so they would have the excuse they needed to privatize them.
Yeah, how's that bankruptcy thingy going Puss?RichClem » 14 Dec 2013 8:52 pm » wrote:Private companies generally devote roughly 40% of gross to salaries and retirement costs. The Post Office pays 65%.
That's a recipe for bankruptcy.
Fast forward to 2017:
Misty » 23 Jan 2017 4:52 pm » wrote:Wake up Puss.
I have a question for you.
Remember all that hooplah about how the Postal Service was like days from going belly up and we needed to privatize it ASAP?
WTF happened with that?
I'm still getting my mail, are you?