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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (14595)4/4/2012 1:07:08 PM
From: TimF  Read Replies (1) | Respond to of 85487
 
My premise is a simple matter of math. The Post Office is losing more than these payments, so whether or not these payments are reasonable they aren't the source of its losses. Its a losing operation even without them.

Also can you name other, still operating companies that have never gone through a bankruptcy that have the feds pay out their benefits for them? Do most other companies have a federally granted monopoly of indefinite length?

If the feds are going to have to pay the benefits its reasonable for them to get the post office to cover them, esp. since the post office has a declining revenue base and won't be able to cover the payments later (larger payments in the future with lower revenue), since its already losing money (even without these payments), and since it benefits from a federally granted monopoly.

Obviously we disagree on the reasonableness of the payments, but even if we agreed they where unreasonable and somehow got them eliminated the post office would still be hemorrhaging cash.