Postal employees have gotten used to the lies and distortions from politicians and right wing commentators bent on destroying the USPS and their jobs- now Fox News blowhard Bill O’Reilly has come up with a whole new piece of fiction:
The U.S. Postal Service, for example, is on the verge of bankruptcy, not able to repay $5.5 billion in loans from the Treasury Department. The huge cost of postal retirement benefits is one of the main reasons an American institution may collapse.
So let me make sure I understand this Bill- the PAEA law requires the USPS to hand over $5.5 billion to the Treasury every year, in effect loaning money to the government. And those payments, totalling $42.5 billion so far, are on top of the $50-75 billion the USPS has been overcharged for Civil Service pensions, and the $6.9 billion it’s overpaid FERS. In the alternate reality of Fox News, saying you can’t afford to keep loaning the feds more money you don’t have is “not repaying loans from the Treasury Department”?
Fox News: We make it up as we go along- you decide.