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mastodon_acc | 1 year ago

It’s a govt service, they are not trying to meet wall street quarterly shareholder expectations

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nozzlegear|1 year ago

It's worth noting that Congress has been trying to force the USPS to run itself like a self-sustaining business for decades at this point. It started in 1970 with the Postal Reorganization Act, which transformed it from a government department to an independent government entity that was expected to fund its operations entirely through its own revenue. Then in 2006, a Republican-controlled Congress passed the PAEA which required the USPS to pre-fund retiree health benefits seventy-five years into the future¹. Congress even restricted the USPS's ability to set its own rates, expand its services or close unprofitable locations without political interference.

¹ The retiree funding requirement was only changed recently when Biden signed the Postal Service Reform Act of 2022 into law.

potato3732842|1 year ago

USPS does more or less teeter on the edge of solvent and sustainable depending on how you measure and when you measure. All things considered, I think that's pretty damn good. Pretty much no other government service can claim that. I think the retiree funding requirement is/was dumb and an unnecessary handicap but the way USPS runs itself should be a model for other government services. The only reason we don't look at USPS as a massive success is because the idiot left brains want it to be run like a charity and the idiot right brains want it gone entirely.

taurknaut|1 year ago

> It's worth noting that Congress has been trying to force the USPS to run itself like a self-sustaining business for decades at this point.

That's the narrative, but this was always a blatant bid to destroy the USPS. There's simply no other explanation.