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Why does the 'US MINT' need to make a profit?
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<p>[QUOTE="V. Kurt Bellman, post: 2296662, member: 71723"]They don't, quite. But a new hire that replaces a recent retiree will not instantly DOUBLE the liability that needs to be funded fully for that position immediately (the old guy and the new) anywhere OTHER THAN the United States Postal Service. This has been done for a specific reason - it allows Congress to hold the prospect of complete abolition and privatization over the USPS' head ad infinitum without needing to worry about an unfunded pension liability.</p><p><br /></p><p>Management by draconian threat is the long suit of the USPS and has been for decades. I believe this explains two things. 1) The 200-yard postal worker stare, and 2) "going postal".</p><p><br /></p><p>By the way, it IS ludicrous. It also happens to be true.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 2296662, member: 71723"]They don't, quite. But a new hire that replaces a recent retiree will not instantly DOUBLE the liability that needs to be funded fully for that position immediately (the old guy and the new) anywhere OTHER THAN the United States Postal Service. This has been done for a specific reason - it allows Congress to hold the prospect of complete abolition and privatization over the USPS' head ad infinitum without needing to worry about an unfunded pension liability. Management by draconian threat is the long suit of the USPS and has been for decades. I believe this explains two things. 1) The 200-yard postal worker stare, and 2) "going postal". By the way, it IS ludicrous. It also happens to be true.[/QUOTE]
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