Contrary to Republican claims, the Postal Service is operating in the black. US Postal Service revenue exceeded operating expenses by $610 million in Fiscal Year 2016, bringing its total operating profit the past three years to $3.2 billion. This is all earned revenue – by law USPS gets no tax dollars.
If history is any guide, Republicans will definitely try to further weaken and privatize the U.S. Postal Service (USPS). As per their usual strategy, they will claim the Postal Service is losing money, even though those losses are due to a Congressional mandate that USPS must fund the next seventy-five years of retirement benefits over a ten year time period–something no private mail carrier could possibly due (it’s all the more absurd because USPS has been overcharged already by at least $50 billion on pensions). The most recent installment of this chicanery (boldface mine):
The U.S. Postal Service delivers to 155 million homes and businesses from coast to coast, six and increasingly seven days a week. It’s based in the Constitution, is consistently rated the public’s most-trusted federal agency, and delivers 47 percent of the world’s mail.
It’s also the centerpiece of the $1.3 trillion national mailing industry…
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