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<blockquote data-quote="59 Dano" data-source="post: 1485021" data-attributes="member: 23516"><p>For the 35 years beginning in 1972 and ending in 2006, the USPS turned an operating profit in 15 of those years.</p><p></p><p>The 2006 mandate requires a $5.7 billion contribution to the pension fund each year. This began in 2007. </p><p></p><p>Taking that expense out of the equation, the USPS still lost money in 2009, 2010, 2011 (when it wasn't required to make the contribution because Congress postponed it), and 2012. It otherwise turned a profit in 2007, 2008, and 2013 (barely). I can't find the official figures for FY 2014. Some sources say they barely lost money and others say they barely made a profit.</p><p></p><p>So, "quite profitable" means "operates at a loss most of the time." The USPS doesn't consistently operate in an efficient manner and that's with and without making adjustments for the pension funding payments. </p><p></p><p>The bill (HR 6407, for those keeping score at home) was sponsored in the House by 2 Democrats and 1 Republican. It passed a voice vote in the House and was passed with unanimous consent in the Senate before being signed into law. The bill had the support of the USPS, the National Association of Postmasters of the US, and the National Association of Letter Carriers (postal union). That is the definition of a "scam orchestrated by the Republican Party."</p></blockquote><p></p>
[QUOTE="59 Dano, post: 1485021, member: 23516"] For the 35 years beginning in 1972 and ending in 2006, the USPS turned an operating profit in 15 of those years. The 2006 mandate requires a $5.7 billion contribution to the pension fund each year. This began in 2007. Taking that expense out of the equation, the USPS still lost money in 2009, 2010, 2011 (when it wasn't required to make the contribution because Congress postponed it), and 2012. It otherwise turned a profit in 2007, 2008, and 2013 (barely). I can't find the official figures for FY 2014. Some sources say they barely lost money and others say they barely made a profit. So, "quite profitable" means "operates at a loss most of the time." The USPS doesn't consistently operate in an efficient manner and that's with and without making adjustments for the pension funding payments. The bill (HR 6407, for those keeping score at home) was sponsored in the House by 2 Democrats and 1 Republican. It passed a voice vote in the House and was passed with unanimous consent in the Senate before being signed into law. The bill had the support of the USPS, the National Association of Postmasters of the US, and the National Association of Letter Carriers (postal union). That is the definition of a "scam orchestrated by the Republican Party." [/QUOTE]
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