…………. Here’s what the story is missing:
The problem lies elsewhere: the 2006 congressional mandate that the USPS pre-fund future retiree health benefits for the next 75 years, and do so within a decade, an obligation no other public agency or private firm faces. The roughly $5.5 billion annual payments since 2007 — $21 billion total — are the difference between a positive and negative ledger.
Why would the Republican-controlled Congress pass such an absurd requirement? Why, it’s almost as if they weretrying to put the Postal Service out of business!
Well, it’s really a twofer. First, they want to break up the federal unions. And second, they want to privatize the post office and give those plum contracts to their good buddies at FedEx and UPS.
But you’re not going to read that in the Washington Post. And to be fair, you probably won’t get that context in the Times, either. That librul media!