Thursday, September 24, 2015
"U.S. Postal Service Has Not Earned a Profit in Almost a Decade"
I wonder if private industry could make a go of this...
On the FreeBeacon website, Ali Meyer posted all about this:
"The United States Postal Service has lost $51.7 billion between 2007 and 2014 and has not earned a profit since 2006, according to a report from the Tax Foundation.
'There is no turnaround in sight,' states the report. 'The Postal Service will almost certainly register another multibillion dollar loss in 2015; for the first two quarters of 2015, it suffered a net loss of $2.8 billion.'
In addition, the report finds that USPS has failed to make legally required payments to the U.S. Treasury and will default on its statutory obligations, which include the Postal Service Retiree Health Benefit Fund."