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US Postal Service Office of Inspector General has put forth insightful blog on what has been causing the USPS financial's woes. The text is below, the comments and discussion at the source are quite interesting.
Here is one of the 24+ comments made so far:
Perhaps folks need to be somehow helping those government insiders make the right kind of difference.
Related:
Be Careful What You Assume
on Feb 16th, 2015 in Finances: Cost & RevenueBe Careful What You Assume (USPS Office of Inspector General)
on Feb 16th, 2015 in Finances: Cost & RevenueBe Careful What You Assume (USPS Office of Inspector General)
There is no sensible theory which suggests that the Post Office needs to have its pension and health liabilities fully funded 75 years in advance.
This was, and continues to be, the primary means of strangling the public Post Office, creating the demand for privatization because the Post Office is not "fiscally viable."
Fortunately, enough people are seeing through these charades and financial voodoo that this may not come to pass. But continued analysis by the Inspector General is critical to being able to shed light on these attempts to destroy the Postal Service. Continue the good work!
This was, and continues to be, the primary means of strangling the public Post Office, creating the demand for privatization because the Post Office is not "fiscally viable."
Fortunately, enough people are seeing through these charades and financial voodoo that this may not come to pass. But continued analysis by the Inspector General is critical to being able to shed light on these attempts to destroy the Postal Service. Continue the good work!
Related: