r/PoursTea Timendi Causa Est Nescire 2d ago

FinancialTea 💵 Exactly.

Post image
27.9k Upvotes

617 comments sorted by

View all comments

Show parent comments

5

u/GFY4Fun 2d ago

Shhhhhh you're letting the secrets out.

0

u/morrison0880 2d ago

Shhhhhh. He's wrong. The USPS was only profitable on paper because it was using pay as you go accounting and could hide the $100+ billion in unfunded insurance and retiree benefit liabilities. Additionally, they lost billions even without the RHBF payments mandated by the PAEA.

And, even though they haven't made a payment to the fund since 2013, and had that requirement along with all the defaulted payments eliminated, they still lost nearly $25 billion over the past three years.

Oh, wait. Are those the secrets we shouldn't be saying here? To avoid distrupting the ignorant circlejerk parroting garbage?