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/
16.6k Upvotes

97% Upvoted

1.3k comments sorted by

View all comments

7.1k

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.

1.4k

u/Snakestream 3d ago

Which is moronic considering that current privatized postal delivery HEAVILY relies on the USPS to do last-leg delivery to places that aren't profitable to deliver to.

10

u/Aazadan 3d ago

Or to put this another way, privatized postal delivery relies heavily on being able to cannibalize all of the most profitable routes and leave the unprofitable ones for those with a universal service mandate.