Until this 2006 law that requires the pension to be fully funded for 75 years, and that this be achieved in three more years, the USPS was self sufficient.
Well, self sufficient if you ignore their pension obligations.
The same logic says that if I run a business with $100 in revenue, that pays $50 in cash and $75 in IOUs to suppliers, it's profitable.
Well, self sufficient if you ignore their pension obligations.
The same logic says that if I run a business with $100 in revenue, that pays $50 in cash and $75 in IOUs to suppliers, it's profitable.