The new U.S. Postal Service (USPS) Next Generation Delivery Vehicles (NGDVs) have delighted drivers since hitting the road in Georgia last month, the Associated Press reports. But given the $5 billion investment required, taxpayers might be a tad less enthusiastic.
USPS prides itself on being "generally self-funded" through revenue from the sale of stamps, products, and services. As laudable and uncommon as this general self-funding is for federal agencies, USPS received $3 billion from the Inflation Reduction Act. USPS also has a pension system with a $50 billion unfunded liability for which the taxpayer may ultimately have to foot the bill, Reason's Eric Boehm explains.
