Regarding the USPS fully funded pensions......

[90-percent]

What other entities or corporations are required to fully fund their pension obligations seventy five years in advance?

Besides the Post Office?

I cannot comprehend any enterprise accumulating so much cash just to have it lay dormant for three quarters of a CENTURY?

To me "privatization" simply means corrupt crony capitalism and a handful of greedy sociopaths suddenly doubling the price of their goods or services simply because they can?

Gov't IS NOT A BUSINESS AND SHOULD NOT BE RUN LIKE ONE.

And I would not be surprised if the republics are currently fashioning legislation to make the U.S. Armed Forces become a PROFIT MAKING ENTERPRISE. Would be nice to "shock and awe" the Saudi Royal Family into turning over all their oil to the USA!

-90% Jimmy

[WhiskeyGrinder]

1. None.

[live love laugh]

2. None. Nein. Zilch. Zero. Republicans are fattening

the cow for a big hit job. It’s a three-fer: union bust, financial windfall and vote suppression.

[lapucelle]

3. What other entities or corporations are required to fully fund their pension obligations 75 years

in advance?

NOT A SINGLE ONE.

It's always been about privatization.

If this pandemic has taught us anything, it's that a strong, centralized federal government is in the best interest of the people and that immoral greed is a feature, not a bug, of the Trump administration.

[LakeArenal]

4. Totally want to eliminate folks from participating fully in life.

No mail in ballots if no mail.

[beachbumbob]

5. was a posion pill provision to help kill the USPS as NO other entity in America has this provision

[LakeVermilion]

6. Someone will buy up the postal service, fleece the pension fund, and dump the workers.

By the way, if the postal service folds, what happens to the pensions of currently retired workers? They don't participate in Social Security.

[FoxNewsSucks]

10. republicon scum saw it as 3 birds with one stone,

kill the post office and the postal union along with it, prevent the postal service from switching to an all-electric fleet (which would have greatly sped up advances in electric cars) and build up a nice asset to be handed over to FedEx or UPS when they eventually buy it.

[LakeVermilion]

11. FedEx must have a inside track..

UPS drivers are unionized.

[TheBlackAdder]

12. There were rumors that Bain Capital might be behind the acquisition a few years back.

[beachbumbob]

7. In 2006, Congress passed a law that imposed extraordinary costs on the U.S. Postal Service.

Under Bush/Cheney and democrats could not stop it or didn't try hard enough

[JHB]

8. Republicans always rail against "government interference" in business...

...but here, for ideological reasons, they pushed through the biggest interference of all time.

[shockey80]

9. Thank You. I have posted about this many times.

Many Americans do not know what has been done to the post office or its workers for many years. The best way I can explain is, it was Trump like crazy shit that was inflicted upon the post office and its workers. I know because I was one of the victims. I watched good worker after good worker have their lives destroyed by management all in the name of, nobody knows. It was a kind of crazy that cannot be explained, that's the truth.

[TheBlackAdder]

13. That means FedEx and UPS can't keep leeching off of their Final Segment Delivery Services!

.

They lobbied for years to kneecap the USPS to make them their rural and overflow delivery service at a penny over cost. They would save by not hiring employees or maintain a national fleet of vehicles. This allows them to Privatize Profits and Socialize Expenses.

Any change to this structure would fuck them over big time.

.

[Gidney N Cloyd]

14. IIRC, 70% funding is considered the gold standard.

[Baked Potato]

15. Maybe when Democrats get the majority they will fix the Post Office.