Today, the U.S. Postal Service, which doesn’t get a dime of - TopicsExpress

Today, the U.S. Postal Service, which doesn’t get a dime of taxpayer money, reported an operating profit of $600 million for delivering the mail in Fiscal Year 2013. But the 2006 congressional mandate to massively pre-fund future retiree health benefits—a political requirement placed on no other agency or company in the country—cost USPS $5.6 billion, leaving an operating profit of $600 million but a net loss of $5 billion. This news proves that USPS is set to make a strong comeback if lawmakers address this artificial financial crisis created by the pre-funding fiasco and free the Postal Service to use its universal retail and delivery networks to innovate and grow.

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