Accounting 101 for the Post Office [Reader Post]
An onslaught of crying jags by the postal unions and by the liberal media has followed the announcement this week that things have to change at the United States Postal Service to preserve its very existence. Postal unions are claiming that Republicans irreparably harmed the Post Office by requiring annual payments of about $5.5 billion each year until 2015, which according to the WaPo, is designed “to prepay into an employee retirement fund each year to ensure that its increasing financial woes will not leave taxpayers shouldering costs.” Balderdash!