Postal Service huge Windfall is really a Loss?

Postal Service FraudMy stupid headline of the week goes the Associated Press. I’ve spoken about this particular story often in the past but it just keeps making headlines.

Postal Service had $354 million first-quarter loss screams the headline.

That includes the $1.4 billion payment the Postal Service must make to the U.S. Congress to cover the pensions of employees for the next seventy-five years. Yes, seventy-five years.

Read this blog to understand the depths of the massive fraud Congress is playing with the Postal Service and your tax dollars.

Math is not my strong suit but it’s not difficult to take 354 -1,400 to understand that the Postal Service turned a nice little quarterly profit of $1.046 billion.

But I guess¬†Postal Service had $1,046 billion first-quarter profit isn’t such a great headline. Sigh.

Tom Liberman
Sword and Sorcery fantasy with a Libertarian Ideology
Current Release: The Spear of the Hunt
Next Release: The Broken Throne