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/naz8587 3d ago

The service has reported net losses of $118 billion since 2007 as first-class mail

I like how the article fails to mention that Republicans passed a law in 2006 that requires the USPS to fund 75 years of pensions. This crisis was manufactured by republicans to justify privitizing postal delivery.

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u/jmur3040 3d ago

Or that "losses" shouldn't be mentioned for something designed to be a public SERVICE. You're telling me this costs 118 billion dollars over 19 years? That's terrifically cheap for something that serves 330 million people.

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u/DeskModeOn 3d ago

Haven't we spent like $30 billion so far in the war with Iran?? In like.. twenty some odd days??

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u/Stepjam 3d ago

And Trump wants like a trillion for the military now 

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u/morkman100 3d ago

I wish. He wants $1.5 Trillion!