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Ron Johnson: “It looks like a bankrupt entity.”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Chairman Johnson's Remarks for HSGAC Nominations Hearing

Published | Video Starts at 27:40

You know, I've looked at the balance sheet as best I can reconstruct it in, you know, something close to GAAP versus other large bankruptcies and It looks like a bankrupt entity. Me, do you have a similar type of conclusion? It's if you, if you just took a straight up and down look, it seems like we're bankrupt but the liabilities are actually paid out over many, many years. (27:40–27:42)

CLAIM

Asserts that the Post Office's financial situation resembles that of a bankrupt entity.

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