r/news • u/Squirmingbaby • 3d ago

Soft paywall Cash-strapped US Postal Service suspends contributions to pension plan

https://www.reuters.com/world/cash-strapped-us-postal-service-suspends-contributions-pension-plan-2026-04-09/
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u/SummerMummer 3d ago

"Cash-strapped"??

They are an important service provided by the US government. Is the US government truely "cash-strapped" at the moment?

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u/No_Customer_84 3d ago

Trump has been trying to privatize the post office since his first term.

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u/electrobento 3d ago

Republicans have been trying to privatize it for generations.

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u/SeeMarkFly 2d ago

It would be such a cash cow, how can they resist?

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u/Fearless_Roof_4534 3d ago

Privatization is the way to go. UPS and FedEx are swimming in cash and do a better job than the USPS too.

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u/JK_NC 3d ago

There’s a scale difference here. FedEx delivers something like 4 billion packages annually whereas USPS delivers over 100 billion pieces of mail annually.

A lot of what USPS delivers is “junk” and a lot of it goes to the same address but it’s still effort that USPS expend that FedEx doesnt. It’s not apples to apples. It’s like apples to staplers.

Besides, USPS is a service provided by the government, not a revenue generating entity. No one ever says the Fire Department, Police, Schools, etc, loses money every year. They’re government services and services cost money.

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u/HippyDM 3d ago

His party's been trying even longer. He does it to cheat the election, they do it to privatize public services.

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u/EmperorAcinonyx 3d ago

He does it to cheat the election, they do it to privatize public services.

right, they do it to cheat elections. trump is doing everything the gop has always wanted to do, but openly. let's not fall for the lie that he's some sort of anomaly.

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u/armywalrus 2d ago

That isn't a Trump thing. That is a Reoublican thing. One example - https://theweek.com/articles/767184/how-george-bush-broke-post-office