Episode 606 • • 2:15:51 - 2:21:04
606: Get Ready to Rubble
US Postal Service, Pension Pre-funding and Profitability
The hosts defend the U.S. Postal Service, arguing that its reported multi-billion dollar losses are manufactured by a 2006 congressional mandate to pre-fund retiree health benefits for 75 years. Data is cited showing that without this "onerous" requirement, the USPS would have been profitable despite the recession and internet competition.