The article “Government support of postal services should be cut” (by Nick Havey, Oct. 13) has been removed due to inaccuracies.
The U.S. Postal service does not receive taxpayer money from Congress. Its operations are funded by selling stamps.
The Post Office has never missed a retiree health benefits payment. Unlike other public or private entities, Congress began requiring the Postal Service to pre-fund future retiree health benefits in 2006, which increased their overall expenses. However, the Postal Service’s operational budget has recorded profits in the past three quarters of this fiscal year and the Post Office increased its revenue by 3.6 percent last quarter.
The Daily Wildcat regrets the errors.
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Government support of postal services should be cut
October 14, 2013
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