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[–] CulturalImperialist 0 points 4 points 4 points (+4|-0) ago
The post office doesn't actually lose money. A few years back Congress passed a law requiing them to prefund retirements at 100%. That new line item is over 5 billion a year. Meanwhile since this is prefunding the money is going into the general treasury and the treasury just owes the Post Office that money. That money could be their capital for banking.
[–] RoundWheel 0 points 3 points 3 points (+3|-0) ago
Bingo. The USPO is the only entity in the US which is run like this. A large part of this scam was so their federal land would be sold off cheap to friends of Congress.
The USPO does not lose money. They did, however, make a bad deal with Amazon which loses money. It's just that everyone (USPO customers) are now paying for Amazon delivery.