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In reply to the discussion: Treasury agrees to lend Postal Service $10 billion in trade for rivals' shipping contracts [View all]Hoyt
(54,770 posts)35. Don't really think that is going to happen. I do know that if a company promises to pay medical
benefits in the future, that is accounted for as a liability. State and Local Governments were required to do the same thing in the mid-2000s (Governmental Accounting Standards Board (GASB)).
The Post Office should do the same.
In any event, I don't see it as a terrible requirement for the USPS to release pricing data to receive a $10 B loan that gets them at least through the year. That requirement seems mostly symbolic since trump could pick up the phone, call his recent Postmaster appointee and say send it to me. In fact, I bet the feds already have it.
Info on GASB rules on Local and State Government accounting for retiree benefits: https://www.cbpp.org/research/accounting-for-the-cost-of-retiree-health-and-other-benefits-gasb-45
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Treasury agrees to lend Postal Service $10 billion in trade for rivals' shipping contracts [View all]
mahatmakanejeeves
Jul 2020
OP
Trump wants to say Amazon gets a special deal, and therefore the Washington Post is evil
muriel_volestrangler
Jul 2020
#8
He won't though as overall the GOP is beneficial to Bezos so instead he will build his own delivery
cstanleytech
Jul 2020
#22
This wreaks of nefarious motives. USPS is a government entity. Why should it "trade" to get funding?
onetexan
Jul 2020
#33
To be sure your vote gets counted in VBM the date for mailing is Oct. 20th. nt
in2herbs
Jul 2020
#29
Trump claims those USPS rates are a really bad deal. So why would UPS or FedEx even want them??
Bengus81
Jul 2020
#12
Not so much tRump wants to dismantle Post Office.... GOPers have wanted to privatize it forever
groundloop
Jul 2020
#32
Don't really think that is going to happen. I do know that if a company promises to pay medical
Hoyt
Jul 2020
#35
Treasury needs and wants this information because ...........????????????
bucolic_frolic
Jul 2020
#28
"Hey Fedex, you know what they are charging UPS??" I can tell ya for a donation to...
lostnfound
Jul 2020
#30
hey, with $10 billion perhaps we don't have to worry about voting by mail this time
RussBLib
Jul 2020
#31