Trump eyes privatizing United States Postal Service during second term
MyPornViewingAccount @ MyPornViewingAccount @lemmy.world Posts 10Comments 154Joined 2 yr. ago
MyPornViewingAccount @ MyPornViewingAccount @lemmy.world
Posts
10
Comments
154
Joined
2 yr. ago
Removed
How many do you recognize?
Thats not even a true statement.
The postal service makes money, but any surpless is automatically taken by Congress.
In the early 2000s the GOP passed a law requiring the postal service to upfront load the retirement funds of new employees, creating a massive debt burden.
Also, Congress has removed their ability to modernize equipment and fleets, forcing them to continue repairing aged equipment.
Not to mention, DeJoy, Trump's installment during his first term, has done everything he can to dismantle any modernization because he wants the Post Office sold at rock bottom prices so he can buy it, get this, because he owns competing companies.