Posts Tagged ‘postal service’

The Postman Always Defaults Twice


Monday October 1st, 2012   •   Posted by Lloyd Billingsley at 12:30pm PDT   •   3 Comments

The U.S. Postal Service (USPS) recently defaulted on a $5.6 billion mandate to pre-fund retiree health benefits, the second time in two months the federal government postal “service,” has failed to deliver. In August it failed to make a $5.5 billion retirement prepayment slated for last September, which Congress conveniently deferred. So the USPS…
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