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 12 |
The U.S. Postal Service is at a tipping point ...
By kino101 on 2010-03-10 | 2 comments |
| 1 | enkidu | 2010-03-11 | |
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The US postal service is a dead philosophy.
Reply to this |
| 1 | anonymous | 2010-03-11 | |
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They appear to be advocating ending prefunding of health benefits. Basically, the problem of paying for health benefits for current employees, once retired, would become the problem of someone down the road instead of them; it also disconnects the costs incurred by the business from funding them. This seems as if it effectively pushes off paying for health funding until later; this is the same thing that collapsed GM, as GM made extravagant promises, since it didn't have to worry about funding them until well down the road -- and then could not pay for them down the road. This looks as if it amounts to "push the problem off onto the next generation, and run up effective debt". Reply to this |