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The Postal Service, On The Verge Of Collapse, Is Begging For Funding
Huffington Post ^ | 4/10/20 | Sara Boboltz

Posted on 04/11/2020 2:31:53 AM PDT by Libloather

The U.S. Postal Service will run out of operational funds by the end of September unless Congress intervenes, Postmaster General Megan Brennan told members of the House Committee on Oversight and Reform in a Thursday video conference.

Mail volume has dramatically slowed during the coronavirus crisis due to widespread business closures, and the USPS is bracing for a steep drop in revenue. But its postal workers remain on the front lines of the crisis, handling prescription drug shipments, lab test materials and medical supplies that are crucial to efforts to contain the virus. Mail-in voting has also allowed the democratic process to survive in the era of social distancing.

The Postal Service, which employs 650,000 people, is asking for $75 billion in aid from the government, and, according to The New York Times, another $14 billion to pay off debt related to a retirement benefits program - a whopping $89 billion total.

Yet because the Postal Service technically operates under the executive branch, and President Donald Trump has displayed a bizarre hostility to it since taking office, it seems likely that the agency will receive some pushback.

(Excerpt) Read more at m.huffpost.com ...


TOPICS: Business/Economy; Computers/Internet; Outdoors; Society
KEYWORDS: funds; imeimeimdp0622; junk; mail; postal; usps
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To: dp0622

The footprint in our families hometown is all but gone now with just a sister and her husband remaining there..... married at 18, no children, they built their own house and never moved, both in their 70’s now and still in the house they built although they’ve remodeled a few times.


121 posted on 04/11/2020 11:45:57 AM PDT by caww
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To: 4yearlurker

Maybe that might be a solution in the future for me. An account just for bills and just enough $$$ in it to cover them.


122 posted on 04/11/2020 12:01:20 PM PDT by CapnJack
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To: Libloather

I took a tour of a Postal sorting facility...there were letters that fell under the machine that had been there at least a decade. Fraud and waste abound among those deadbeats I witnessed.


123 posted on 04/11/2020 12:50:45 PM PDT by RasterMaster ("Towering genius disdains a beaten path." - Abraham Lincoln)
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To: Libloather
Help me out here, when in memory, I'm 65, has the USPS not been on the verge of collapse? It's like saying the sun will rise tomorrow!
124 posted on 04/11/2020 1:25:14 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: dp0622

Thank you.


125 posted on 04/11/2020 3:12:37 PM PDT by Freedom_Is_Not_Free (What profits a man if he gains the world but loses his soul?)
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