The Lying Post Office

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I saw a sign at the Post Office yesterday that said: “USPS receives no federal tax dollars for its operations.” Then I remembered that Doug French recently posted something about the┬áPost Office on the Mises blog. According to USPS spokeswoman Sue Brennen, only 19 percent of post offices cover their costs.” The Post Office lost $8.5 billion for fiscal year 2010.

So I guess the question is: How does the Post Office pay its employees and vendors if it lost billions but received no federal tax dollars?

1:59 pm on April 20, 2011