the postal service’s financial losses result from "a 2006 law that drains $5 billion a year from post office revenue, while the postal service is forced to overpay billions more into federal accounts."
the postal service’s financial losses result from "a 2006 law that drains $5 billion a year from post office revenue, while the postal service is forced to overpay billions more into federal accounts."
save america's postal service
aug 8, 2013 ... the ad says the problem is "a burden no other agency or company bears — a  2006 law that drains $5 billion a year from post office revenue while the postal  service is forced to overpay billions more into federal accounts." greg bell, vice  president of the american postal workers union, says the prefunding ...
aug 9, 2013 ... in 2011, politifact rated as half true a claim that the 2006 law "drains $5 billion a  year from post office revenue, while the postal service is forced to overpay  billions more into federal accounts." the law required payments of approximately  that amount, and the payments greatly hurt the post office's bottom ...
oct 6, 2015 ... under the terms of paea, the usps was forced to “prefund its future health care  benefit payments to retirees for the next 75 years in an astonishing ten-year ...  the truth is that almost all of the postal service's losses can be traced back to a  single change in the law made by the republican congress in 2006.
the usps, despite its continued legal monopoly on the delivery of letter mail, is  virtually bankrupt, losing $45 billion since 2007. it has already defaulted ... while  some argue that the usps's losses are due to faulty accounting or a temporary  downturn in the economy, that claim is wishful thinking. the market for traditional  ...
the center estimates the measurable direct cost of financial fraud to americans to  be $40 billion to $50 billion a year. experts also say the need for law enforcement  to pursue terrorists has shifted fbi resources from fraud cases. “after 9/11 the  scammers realized, 'this is our time,'” says doug templeton, chief investigator for  ...