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Ups loses out on usps mail contract to fedex once again!
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<blockquote data-quote="&#039;Lord Brown&#039;s bidding&#039;" data-source="post: 1126343" data-attributes="member: 32753"><p>The "bailout" you speak of was not a bailout at all. You may or may not be aware that Congress currently has the Postal Service pre-funding their pension fund to cover the next 75 yrs, $16 billion, I believe, every year. It is this, more than any other reaaon, for why the USPS is currently in dire financial straits. Last year's "bailout" was Congress letting the Post Office defer $11 billion of that year's payment, basically allowing the post official to keep it's own money.</p><p></p><p>The Post Office does not get any direct public funding; the tax exceptions you speak of isn't public funding, it is just another example of the Post Office keeping more of the money it has, although I do understand where you are coming from.</p></blockquote><p></p>
[QUOTE="'Lord Brown's bidding', post: 1126343, member: 32753"] The "bailout" you speak of was not a bailout at all. You may or may not be aware that Congress currently has the Postal Service pre-funding their pension fund to cover the next 75 yrs, $16 billion, I believe, every year. It is this, more than any other reaaon, for why the USPS is currently in dire financial straits. Last year's "bailout" was Congress letting the Post Office defer $11 billion of that year's payment, basically allowing the post official to keep it's own money. The Post Office does not get any direct public funding; the tax exceptions you speak of isn't public funding, it is just another example of the Post Office keeping more of the money it has, although I do understand where you are coming from. [/QUOTE]
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Ups loses out on usps mail contract to fedex once again!
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