Earlier quoted context omitted.
> The core problem is Congress and the requirement they put is the USPS that they prefund 75 years of pensions. A requirement placed on no other institutions in the US. Why is this? Did the USPS have some kind of retirement funding scandal, or was someone trying to smother it?
Two reasons... it’s tranfers postal revenues to federal cash flow via bonds, and key GOP lawmakers want to make the service unsustainable to enable privatization.
Interestingly enough by eliminating the daily delivery of mail also kills the DMA business, which while everyone hates spam mail, is still a vital business tool for small and local businesses. Fedex will not deliver mail to your house that costs a nickel.