1,814 views in 46 1/2 hours
____________________________
George Bush broke the profitable post office.
Namely, the Postal Accountability and Enhancement Act of 2006.
Passed by a Republican-led Congress and signed into law by President George W. Bush, the PAEA gave the Postal Service new accounting and funding rules for its retiree pension and health benefits. Up until 2006, the USPS funded those obligations on a pay-as-you-go-basis, pulling out of its pension fund and adding to it as retirees' costs came in. But the PAEA required the Postal Service to calculate all of its likely pension costs over the next 75 years, and then sock away enough money between 2007 and 2016 to cover most of them.
This is one of those ideas that sounds responsible on the surface but is actually pretty nuts. https://theweek.com/.../how-george-bush-broke-post-office
6:30 pm stats
Pageviews today
|
984
|
Pageviews yesterday
|
830
|
Pageviews last month
|
18,148
|
Pageviews all time history
|
1,681,694
|
