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90-percent

(6,845 posts)
Fri Apr 10, 2020, 11:06 AM Apr 2020

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


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
16 replies = new reply since forum marked as read
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Regarding the USPS fully funded pensions...... (Original Post) 90-percent Apr 2020 OP
None. WhiskeyGrinder Apr 2020 #1
None. Nein. Zilch. Zero. Republicans are fattening live love laugh Apr 2020 #2
What other entities or corporations are required to fully fund their pension obligations 75 years lapucelle Apr 2020 #3
Totally want to eliminate folks from participating fully in life. LakeArenal Apr 2020 #4
was a posion pill provision to help kill the USPS as NO other entity in America has this provision beachbumbob Apr 2020 #5
Someone will buy up the postal service, fleece the pension fund, and dump the workers. LakeVermilion Apr 2020 #6
republicon scum saw it as 3 birds with one stone, FoxNewsSucks Apr 2020 #10
FedEx must have a inside track.. LakeVermilion Apr 2020 #11
There were rumors that Bain Capital might be behind the acquisition a few years back. TheBlackAdder Apr 2020 #12
In 2006, Congress passed a law that imposed extraordinary costs on the U.S. Postal Service. beachbumbob Apr 2020 #7
Republicans always rail against "government interference" in business... JHB Apr 2020 #8
Thank You. I have posted about this many times. shockey80 Apr 2020 #9
That means FedEx and UPS can't keep leeching off of their Final Segment Delivery Services! TheBlackAdder Apr 2020 #13
IIRC, 70% funding is considered the gold standard. Gidney N Cloyd Apr 2020 #14
Maybe when Democrats get the majority they will fix the Post Office. Baked Potato Apr 2020 #15
This message was self-deleted by its author elocs Apr 2020 #16

live love laugh

(13,406 posts)
2. None. Nein. Zilch. Zero. Republicans are fattening
Fri Apr 10, 2020, 11:11 AM
Apr 2020

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

lapucelle

(18,690 posts)
3. What other entities or corporations are required to fully fund their pension obligations 75 years
Fri Apr 10, 2020, 11:13 AM
Apr 2020

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.

LakeVermilion

(1,065 posts)
6. Someone will buy up the postal service, fleece the pension fund, and dump the workers.
Fri Apr 10, 2020, 11:26 AM
Apr 2020

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

(10,491 posts)
10. republicon scum saw it as 3 birds with one stone,
Fri Apr 10, 2020, 11:37 AM
Apr 2020

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.

 

beachbumbob

(9,263 posts)
7. In 2006, Congress passed a law that imposed extraordinary costs on the U.S. Postal Service.
Fri Apr 10, 2020, 11:28 AM
Apr 2020

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

JHB

(37,181 posts)
8. Republicans always rail against "government interference" in business...
Fri Apr 10, 2020, 11:31 AM
Apr 2020

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

 

shockey80

(4,379 posts)
9. Thank You. I have posted about this many times.
Fri Apr 10, 2020, 11:34 AM
Apr 2020

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

(28,368 posts)
13. That means FedEx and UPS can't keep leeching off of their Final Segment Delivery Services!
Fri Apr 10, 2020, 12:08 PM
Apr 2020

.

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.

.

Response to 90-percent (Original post)

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