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View Diary: USPS is OK: stop the rethug wreckers (63 comments)

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  •  Did you read his comment? (2+ / 0-)
    Recommended by:
    cryonaut, johnny wurster

    Here's a source from CNN Money:

    In FY 2012, the USPS lost $11.1 billion on account of the retirement obligations.  It lost $15.9 billion total.  It would still be an unprofitable venture even if it was not for the retirement law and it is in a declining industry.  The article picks Q4 2012 and glibly ignores that even in a quarter in which the USPS had more business because of the election and Christmas it barely turned a profit.

    •  Thanks for that link (0+ / 0-)

      Here's another link which draws the same general conclusion that the USPS is running billion dollar deficits.

      In this Reuter's article they come up with roughly the same loss ($16 billion) but attribute only $6 billion to pre-funding while your CNN article states that about $11 billion of the loss was attributable to pre-funding.  That is a huge difference.  I don't know which is correct but it would be nice to find out.

      Regardless, cutting Saturday service is estimated to only save $2 billion a year and so under either scenario the USPS would still be losing billions per year.

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

      by theotherside on Mon Mar 18, 2013 at 08:29:42 AM PDT

      [ Parent ]

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