Site for Free Markets and Free People

Tuesday, November 17, 2009

U.S. Postal Service Loses $3.8 Billion

The government-run U.S. postal service lost $3.8 billion in the latest fiscal year and is projected to lose twice that amount next year.

Unfortunately, even if it were to lay off employees, it won't help much due to the hundreds of thousands of retirees receiving lucrative retirement plans. But you can trust them, Obamacare will be different...