... is the poison pill the Repuglicans foisted upon the Post Office in order to destroy it.
Much of the red ink in 2012 was due to mounting mandatory costs for future retiree health benefits, which made up $11.1 billion of the losses. Without that and other related labor expenses, the mail agency sustained an operating loss of $2.4 billion, lower than the previous year.
We let the Repuglicans succeed in privatizing the Post Office and we will become even more of a third world country than we are now.
Pres. Obama and Congressional Democrats need to reform the USPS, get this retirement scheme repealed and be supportive of what is still a critical part of our national communication system.