Despite all the talk about the United States Postal Service (USPS) being a business, regular people understand it has the soul of a government agency and in fact is not allowed to act in a businesslike manner. Real businesses underfund their pensions. The Postal Service overfunded its pension plan (to the benefit of the federal government, not postal employees).
When a too-big-to-fail business gets into financial trouble, the federal government often props it up with interest-free loans in the name of economic stimulus. When the Postal Service ran into financial trouble, Congress insisted that it continue lending interest-free money to the
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%0D%0AWhen%20a%20too-big-to-fail%20business%20gets%20into%20financial%20trouble,%20the%20federal%20government%20often%20props%20it%20up%20with%20interest-free%20loans%20in%20the%20name%20of%20economic%20stimulus.%20When%20the%20Postal%20Service%20ran%20into%20financial%20trouble,%20Congress%20insisted%20that%20it%20continue%20lending%20interest-free%20money%20to%20the%0D%0A%0D%0Ahttps%3A%2F%2Fwww.piworld.com%2Faggregatedcontent%2Fnine-ways-postal-service-is-not-like-real-business%2F" target="_blank" class="email" data-post-id="2579" type="icon_link"> Email Email 0 Comments Comments