Postal News--The US Postal Service has released its Integrated Financial Plan for the fiscal year that began on October 1. The plan forecasts an operating loss of $2 billion, down from the $2.4 billion loss in 2012, and the $2.7 billion the USPS lost in 2011.
The news media have mostly ignored those numbers, preferring the much more impressive $15.9 billion "loss" that Congress has arbitrarily slapped on the agency's books. You would be hard pressed to find a major news outlet that would report that $13.5 billion of that "loss" is completely fictional, given that the money never changed hands, and never will! Read more!
The news media have mostly ignored those numbers, preferring the much more impressive $15.9 billion "loss" that Congress has arbitrarily slapped on the agency's books. You would be hard pressed to find a major news outlet that would report that $13.5 billion of that "loss" is completely fictional, given that the money never changed hands, and never will! Read more!
