1. 15:21 27th Dec 2011

    Notes: 4

    Reblogged from waytoomuchportland

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    waytoomuchportland: And you wonder why the Post Office is going broke.  Actually, this is a consequence of the Post Office’s financial troubles, not a cause, most of which stem from the fact that, unlike every other Federal agency, the Post Office is required to fund full pension plans for the next 75 years - for employees that not only haven’t been hired, but haven’t even been born yet. If they could access that money, they would not be in financial trouble, could hire more staff, among other moves that would make them more able to compete with private-industry delivery services like FedEx and UPS.

    waytoomuchportland:

    And you wonder why the Post Office is going broke. 

    Actually, this is a consequence of the Post Office’s financial troubles, not a cause, most of which stem from the fact that, unlike every other Federal agency, the Post Office is required to fund full pension plans for the next 75 years - for employees that not only haven’t been hired, but haven’t even been born yet. If they could access that money, they would not be in financial trouble, could hire more staff, among other moves that would make them more able to compete with private-industry delivery services like FedEx and UPS.

     
    1. lunarobverse reblogged this from waytoomuchportland and added:
      Actually, this is a consequence of the Post Office’s financial troubles, not a cause, most of which stem from the fact...
    2. Steve Ferrero submitted this to waytoomuchportland