> Congress keeps trying to privatize it, which would be a disaster and is wildly unpopular. Instead, they keep sabotaging it.
> This is why it has bonkers pension requirements and constantly hemorrhages money.
This is not true. The Postal Service Reform Act of 2022 repealed the disastrous 2006 bill that requires the USPS to pay for their retirement funds out of revenue.
The Biden administration has really done a remarkable (well, competent, but that's remarkable for government these days) job with many of America's institutions, including the Post Office, and it's unfortunate that people don't know these things.
Good to know the pension thing was fixed under Biden. This administration also stopped progress on USPS privatization (which seemed pretty inevitable under Trump).
You can guess how I’ll vote, but it’s important that people pay attention to the actual actions taken by the parties, and then also remember to vote.
Prefunding pensions out of operating revenues is onerous relative to similar federal agencies, but is it really bonkers?
The main problem with pensions is that they often get funded with promises instead of dollars. Then whoever made the promise walks away and leaves the problem for others to fix.
