As always, GO BERNIE GO! Postal Service finances look poor on - TopicsExpress

As always, GO BERNIE GO! Postal Service finances look poor on paper because a law signed by President George W. Bush in 2006 created a unique an unnecessary requirement for the Postal Service to pre-fund 75 years of future retiree health benefits over a 10 year period. This onerous burden would cost $5.5 billion a year. In fact, however, the payments have not been made in recent years. Moreover, the fund already has more than enough money to cover retirees’ health care needs. “The Postal Service is not going broke,” Sanders said, despite claims by critics who would dismantle the institution. sanders.senate.gov/newsroom/recent-business/postal-service-revenue-rising?utm_source=target&utm_medium=email&utm_content=Read+more+featuredlinkurl&utm_campaign=Target:+Postal+Service+Not+Going+Broke+07-30

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