11-17-2012, 03:14 AM
Mike Johnson wrote:
They were given ten years to prefund 75 years of pension/medical benefits, based on projections of how many people they'll employ 10, 20, 30, 40 years from now. So to answer your question, they're prefunding pensions for future employees that haven't even been born yet, much less hired.
No other government agency, no private business is required to do this.
Of the $15.9 billion, you can't say it was all "lost." Some 11 billion of that is for these prefunding obligations. That's not losing money, that's having Congress starve you of operating expenses so that they can justify privatizing the post office and making two dozen white men very, very wealthy.
A good friend of mine was explaining this to me the other day, he's a mail carrier. All I could do was shake my head in bewilderment.