The Post Office’s money troubles stem from totally unreasonable congressional requirements, not imposed on any private business, that they fund not just current retiree’s pensions or 401(k) contributions for current employees (the private sector standard), nor just current employees’ future pensions, nor just projected future pensions for the next 20-25 years (the standard for most federal agencies), but all future pensions for all future projected retirees in the next 75 years. The idea, I have to presume, is to put the Post Office out of business and privatize its functions — a really bad idea when you consider that we rely on Post Offices to issue passports and to do other critical jobs like distribute medicine in the event of an epidemic.
I predict more credit cards will make bills due on weekends, forcing people to pre-pay, adding to their float.
Speaking selfishly, this makes me happier that I decided finally to stop renewing the Economist on the grounds that its politics were too predictable and its analysis increasingly threadbare. It came Saturday (on good weeks), which made it seem less dated and I had more time to look at it. Getting it on Monday at best will make it even less attractive.