USPS Pre-Funding Necessary to Prevent Bailout
Those opposed to the 2006 legislative requirement that the USPS pre-fund its retiree health benefits appear to be in deep denial regarding the current financial status of the USPS. Far from being profitable in the absence of the pre-funding mandate, the most recent Government Accounting Office (GAO) report states that the USPS is expected to lose $14 billion in fiscal year 2012.
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