No we aren't . We are paying to support forward payment of benefits that NO OTHER COMPANY in the history of the world has had to pay. This ruling was made by Congress, and the two leaders of the Congressional committee who pushed this through represent Memphis and Louisville, homes of the shipping hubs of Federal Express and UPS. Such a coincidence.
When Congress kills the USPS, and rates to ship things quadruple - and they will - I do hope that everyone who about the USPS remembers what they had.
Yup.
This.
1) The USPS is entirely self-funded. As in, it receives no taxpayer money.
2) In an effort to kill the USPS, Congress passed a law requiring the agency to pre-fund pension obligations, as in -- set aside vast amounts of money for pension obligations that won't come due until decades (literal decades) in the future.
As was noted, no other private company (or even, government agency) has ever been forced to do this.
Its financial shortfall is entirely an accounting fiction -- an attempt by several in Congress to bankrupt the agency so that FedEx/UPS/Amazon/Uber can then absorb it, jack rates and gain exclusive entree to its logistics network (which, btw, is second to none).
Not 100% correct. USPS pays no real estate or personal property taxes to states or localities. Billions per year that are absorbed by taxpayers (just not federal taxes).