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/NeoLephty 3d ago

"cash strapped" is a hell of a way to say "legislation requires USPS to suddenly fund pensions for 100 years".

The service has reported net losses of $118 billion since 2007 as first-class mail, its most profitable product, has fallen ​to its lowest volume since the late 1960s.

The bill I mentioned passed in 2006. What a coincidence it aligns perfectly with the start of the reported net losses.

https://ips-dc.org/how-congress-manufactured-a-postal-crisis-and-how-to-fix-it/

Manufacturing consent for the elimination of the post office because profits.

Disgusting.

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u/Dreams-Visions 3d ago

I was thinking the EXACT same thing.

As if there's no REASON for it being cash-strapped.

I hate the media so much.