Itâ(TM)s not really financially bankrupt. Itâ(TM)s the 75-year prefunding requirement that the GOP put in. Congress can literally waive their hands make the USPS great again if it wanted with no additional money.
There is always some yahoo that mistakes the currency issuer with a currency user. The federal government issues the money. The question is do we have the real resources to fund a world class postal service (yes)? Does the post office perform a a vital public purpose (yes, but go argue with George Washington if you want)? Do the proposals to stabilize and expand postal service offering create unreasonable amounts of inflation or labor supply demand (no)? Is the USPS actually bankrupt (no, all congress has to do is remove the 75-year prefunding clause that the GOP put in)?
Letâ(TM)s all stop hating on the US postal service. The reality is we can have the best system in the world and it would create more jobs, create more economic prosperity, and it could be delivered with cheaper rates...if the USG and the GOP let it do so.
You print it. All USD originates from the federal government. Federal Taxes DO NOT pay for anything.
$22T also happens to be the non-government surplus to the penny.
Bingo
Has nothing to do with tax revenue. Federal taxes donâ(TM)t pay for anything. It plays numerous other roles such as driving incentives, influencing consumption, controlling inflation. Paying for stuff is not one of the legitimate reasons.
Define bankrupt. Will the Fed stop clearing Treasury Deptâ(TM)s checks? Will social security checks stop being issued?
For a sovereign government hand waiving is LITERALLY the way you pay for stuff if the real resources are available in the economy.
Thatâ(TM)s literally the only active job of the VP
People are fighting for privacy in a digital currency world. Check out Rohan Greyâ(TM)s research in the CBDC space.
âoeBehold, homo economicus in wild. Once a proud and confident offshoot of its more collective cousins, has more recently become threatened from the sheer weight of empirical evidence. It is rare to see one with this confidence level, no doubt influenced by isolation from others and a moderately above average income.â
No property rights or infra required in space
The system could literally be run on less than $10M a year end to end.
Youâ(TM)re not paying for it. Federal taxes donâ(TM)t âoe pay forâ federal expenditures. The federal government creates the money and has no intrinsic need for the actual dollars.
...I just bought the 2019 4K LG 65â LED Smart TV from CostCo for $450. Couldnâ(TM)t be happier. Blacks arenâ(TM)t the deepest, but itâ(TM)s such a great picture for the money.
Best of all it supports HDR content.
"I say we take off; nuke the site from orbit. It's the only way to be sure." - Corporal Hicks, in "Aliens"
