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View Diary: House funding bill prevents cutoff of Saturday mail delivery (31 comments)

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  •  It also produces a profit (2+ / 0-)
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    JesseCW, avsp

    $900 million in 2006 before the pension funding law took effect.

    I'm living in America, and in America you're on your own. America's not a country. It's just a business.

    by CFAmick on Thu Mar 07, 2013 at 10:09:44 AM PST

    [ Parent ]

    •  I'll assume for the moment that your 2006 (0+ / 0-)

      figure is correct.  However, last year they ran a deficiti of, I believe $15 or $16 billion, and "only", I believe, $6 billion of that was due to the pension pre-funding requirement.  That was on, I believe, $65 billion worth of revenue.  

      I'll try to find the link for these figures because it was all in one article I read.  There is a chance though that the deficit due to pre-funding was $10 billion and not $6 billion.

      We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

      by theotherside on Thu Mar 07, 2013 at 10:53:46 AM PST

      [ Parent ]

      •  Looks like my memory was fairly spot on (0+ / 0-)

        Here's the article that I was recalling.

        http://blogs.reuters.com/...

        So, since the operating deficit was around $10 billion last year, how would you propose to bring it into balance (we'll just assume that the pre-funding requirement is abolished)?  I favor a "balanced" approach.  Which means service cuts and possibly some rate hikes.  But you have to be careful about rate hikes because you don't want to destroy demand.

        Anyway, as I've said before, cutting one day of service is a "no brainer" in my book and is far from what is needed as I believe that would only close 20 percent of the gap.

        We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

        by theotherside on Thu Mar 07, 2013 at 11:03:58 AM PST

        [ Parent ]

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