Remix.run Logo
jdietrich 4 days ago

The US Postal Service has been running at a loss since 2007. It lost $9.5bn last year, despite a colossal bailout in 2022 that was supposed to return it to profitability. Most of these losses can be attributed to pension and healthcare costs. The USPS is pretty much the worst example of a sustainable nationalised business that you could possibly choose.

Aushin 4 days ago | parent [-]

Only because of legislative sabotage in 2006 by right wing ideologues determined to prove that public services "can't work"

https://www.congress.gov/bill/109th-congress/house-bill/6407

coryrc 4 days ago | parent [-]

The problem that's at-least-purporting-to-address is one facing all the levels of government: boomers promised themselves future taxpayers would give them lots of services (money) while setting aside wholly insufficient capacity to make it fair to the future working citizens.