How much profit did the military earn last year? - ThreadSky

michaelianblack.bsky.social • 1 day ago

How much profit did the military earn last year?

NEW: The U.S. Postal Service posted a net loss of $3.3 billion in this fiscal year’s second quarter mainly due to “significant challenges out of our control,” including workers’ compensation costs, Luke Grossmann, USPS chief financial officer, said at the open session of the governing board meeting

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notbertmacklin.bsky.social•1 day ago

Let's not forget the anchor that repubs passed in 2006 with the Postal Accountability and Enhancement Act, which requires USPS to prefund employee pensions 75 years in advance. They'll never have a positive balance.

ericrhanson.bsky.social•1 day ago

Exactly. NO business or service, commercial or otherwise, has to do this. The albatross around the neck of the USPS was put there by CONGRESS.

pi3832.bsky.social•1 day ago

Does BOOTY count?

morganmghee.bsky.social•1 day ago

If you can't calculate employee compensation a year out you're doing it wrong and need to find a new job.

insideeyeroll.bsky.social•1 day ago

That’s why they are called services.

blue-and-gold.bsky.social•1 day ago

The post office is created in Article 1. There are many detailed provisions but I’m not seeing a reference to ‘profit’ 🤔

speakeasy62.bsky.social•1 day ago

NONE of the government institutions are supposed to make a profit! That’s why the federal government has to provide these critical services.
That’s like saying your newborn shits too much so you gave him up for adoption.

nerdliness.bsky.social•1 day ago

Don't give them ideas, Michael. I'm sure they'd love to bring back raping and pillaging.

eliomen.bsky.social•1 day ago

I mean, Raytheon did pretty well. They aren't the only ones...

mkwilson27.bsky.social•1 day ago

Or fire department, police, courts, city parks…

treborrednel.bsky.social•1 day ago

There were libertarians at the last company I worked for (in N.H.) that didn't want to pay for any of that either. When I asked who would plow when it snowed, and how would you get to work, the response was that a private company would do it. 🤪

Our company's biggest customer was the US government.

mcclain142.bsky.social•1 day ago

considering they just dropped two jets in the sea ...

gymbearfitness.bsky.social•1 day ago

And we all know if they’d just repeal the W era union busting bill requiring the USPS to fully find all employee pensions for 75 years out, it would actually become self-sufficient again, but we don’t really want to talk about that anymore either. No agency or company has such an onerous requirement

falschspieler.com•1 day ago

They made a killing.

the-jstillwell.bsky.social•1 day ago

Donno, but they must have done really ok. They just killed the competition.

kenyoungblood.bsky.social•1 day ago

You know that's on their agenda.

eastoflavfx.com•1 day ago

Imagine being so ingrained in capitalism you think the USPS should be a profitable business while also being a constitutionally guaranteed public service. Bonkers.

eastoflavfx.com•1 day ago

How much profit did the library bring in this year? And fire Dept? Any other public services that are meant to be profitable.

scalyfish.bsky.social•1 day ago

I hear we had a trade deficit with the military. Placing tariffs in 3...2...1...

littleredhot.bsky.social•1 day ago

The government isn’t supposed to profit off the people. Sheesh.

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