http://www.boston.com/business/arti..._slow_delivery_of_first_class_mail/?page=full
All thanks to a little piece of legislation about 9 years ago that required the USPS to deposit $5,000,000,000 a year into a retirement fund that is of right now, will cover over 20 years of retirement benefits. Without the retirement contribution, the USPS would have actually been operating at a PROFIT for the entire time. Even if contributions were cut in half, there'd still be a profit.
So one might wonder, why was legislation put in place to indirectly destroy the USPS? Well that answer is simple: the USPS represents the last and largest remaining labor union. Once they're eliminated, collective bargaining is effectively dead in the US. Even the police unions won't be safe.
The funniest thing about this is that the USPS isn't actually allowed to make a profit...lolz.
All thanks to a little piece of legislation about 9 years ago that required the USPS to deposit $5,000,000,000 a year into a retirement fund that is of right now, will cover over 20 years of retirement benefits. Without the retirement contribution, the USPS would have actually been operating at a PROFIT for the entire time. Even if contributions were cut in half, there'd still be a profit.
So one might wonder, why was legislation put in place to indirectly destroy the USPS? Well that answer is simple: the USPS represents the last and largest remaining labor union. Once they're eliminated, collective bargaining is effectively dead in the US. Even the police unions won't be safe.
The funniest thing about this is that the USPS isn't actually allowed to make a profit...lolz.