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really? Really? You are really are serious, arent you?
So, let me get this straight .... You don't believe that retirement benefits are legitimate costs of doing business, but are "artificial" ?
How's that work? Oh, let me guess, .... The liberal way of business math is, just ignore the pension benefit liability, and let some other government welfare program take care of them retired postal workers? Got it.
Not nearly as much as the $2 Trillion in QE needed to bail out Fannie and Freddie. That's a full 40% of the debt Fannie and Freddie own or guarantee.
Much of that debt is the debt that the banks held that the government transferred to F&F for the taxpayers to pay off. It was a part of the quid pro quo.
Much of that debt is the debt that the banks held that the government transferred to F&F for the taxpayers to pay off.
Not really.
F&F owned or guaranteed $5 trillion in debt in 2008.
They own or guarantee about $5 trillion in debt now, roughly the same amount. It's just that the Federal Reserve created $2 Trillion QE out of thin air to bail them (or actually the foreign governments, financial institutions, and investors who bought Agency MBS) out.
I do not believe accruing for them for people several gens past being hired is proper, but Congress is making the USPS do it. 75 years forward.
This is not about booking what is owed to current employees.
Do you have 529 plans for kids you don't have yet? That would be analogous.
Your point is not relevant because the USPS isn't up to date on past obligations, and this diversion about being forced into funding future obligations will never actually happen unless they somehow magically get caught up on past obligations, take care of current obligations all while losing BILLIONS annually. Given that project revenues are expected to continue to decline well into the foreseeable future, that ain't gonna happen.
So let me give you an analogy, ... You make $50k per year. Your living expenses, mortgage, child support, car payment totals $80k per year. Then, you get unfairly sued for $100k cuz someone fell down and broke their leg on your property. Are you broke because of the legal suit? No, you were already bankrupt.
As usual the Progs are cheering for government run anything. Doesn't matter what it is, if the government can take it over the Progs are in love with it.
So let me give you an analogy, ... You make $50k per year. Your living expenses, mortgage, child support, car payment totals $80k per year. Then, you get unfairly sued for $100k cuz someone fell down and broke their leg on your property. Are you broke because of the legal suit? No, you were already bankrupt.
That's the same situation there as when people say they went bankrupt due to medical bills. They were already way over their heads.
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