Saturday, April 11, 2026

USPS halts pension contributions

The United States Postal Service is suspending employer pension contributions for workers beginning Friday, citing a looming cash shortfall, the agency announced Thursday.

Comments

"The financial strain was further exacerbated by global tariffs, high inflation and recent spikes in gasoline prices, along with growing competition from private carriers such as Amazon, which now delivers many of its own packages."

#1 | Posted by Corky at 2026-04-11 10:40 AM

commonplacefacts.com

#2 | Posted by C0RI0LANUS at 2026-04-11 11:33 AM

Nothing a few rescinded tax cuts for billionaires couldn't address.

Orange Caligula has made his priorities clear.

#3 | Posted by Danforth at 2026-04-11 11:36 AM

media.cnn.com

#4 | Posted by C0RI0LANUS at 2026-04-11 11:42 AM


"The financial strain was further exacerbated by global tariffs, high inflation and recent spikes in gasoline prices, along with growing competition from private carriers such as Amazon, which now delivers many of its own packages."

This just points to government fragility. This is across the board, City, State, Federal cuts are coming because government is spending far too much relative to its income. It could tax more, and as we see in VA anything that isn't nailed down is being taxed. A kids dog walking service TAXED. Drycleaning? Taxed..
New York City having to cut back on library funding among other things.

Mamdani Might Raid a Severely Underfunded Retiree Fund To Balance New York City's Bursting Budget
reason.com

The hiring isn't of employees that will help the citizens... nono ... hiring of more managers, will they see a shake up like Google? Hell no.

Since 2019, California has been on a hiring spree. Under Gov. Gavin Newsom, the size of the state's workforce has grown by roughly 20,000 employees, according to California's human resources department " but that growth hasn't happened uniformly across the classes of civil service.
www.sacbee.com

Seems like there's nothing the government won't tax. But it won't stop the spending or hiring or growing the public unions ... why? well, as I articulated a year ago, the unions donate to democrat politicians. Where do the Unions get their money? Well fraud is how, as documented by the indictments in CA.....

Its funny too because a month ago I was ridiculed about declaring the amount of fraud is unsustainable. Yesterday Newsom and Bonta both NOW claim they are fighting fraud, so they threw a couple of immigrants under the bus. Hoping to satisfy the hoi poloi.

Dark times ahead because people aren't seeing the reality, just a fantasy of how they'd like things to be.

#5 | Posted by oneironaut at 2026-04-11 12:31 PM

"This just points to government fragility."

Two things: One, they face an equation no other entity faces, including other quasi-governmental entities.

And remind me: What's the final "S" stand for???

#6 | Posted by Danforth at 2026-04-11 12:51 PM

"Where do the Unions get their money?"

From Union members, who all have the option to "not" have any portion of their dues go to ANY political activity.

And btw...ORGANIZING falls under that category.

#7 | Posted by Danforth at 2026-04-11 12:56 PM

"they face an equation no other entity faces, including other quasi-governmental entities."

From Truth or Fiction:
Is USPS Losing Money Because of a 2006 Pension Law? - Truth or Fiction?

The law requires the Postal Service, which receives no taxpayer subsidies, to prefund its retirees' health benefits up to the year 2056. This is a $5 billion per year cost; it is a requirement that no other entity, private or public, has to make.

#8 | Posted by Danforth at 2026-04-11 12:58 PM

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