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Postal Reform Bill

Is Debtors' Prison a Possibility?

Gregory P. Demetriou | Posted 04.21.2014 | Politics
Gregory P. Demetriou

With liabilities at $63 Billion and assets of only $40 Billion, the USPS is bankrupt by any stretch of the ruler. Without legislation, the USPS will add another $5.7 Billion of defaulted retiree health benefits to the deficit on September 30,2104. And so it goes. Deeper and deeper into the hole.