Post Office Nears Historic Default On $5-Billion Payment

TBI ^ | 7-31-2012 | AP

[muawiyah]

It's not a payment on the "pension" at all. It is a payment for medical insurance on retirees 75 years from now.

Now, may I ask, are you prepared to pay your own medical insurance 75 years from now?

I'll give you a while to think about that.

Regarding "cadillac pension", what do you think a federal pension is? I want to hear ~ that's so I can LMAO again.

[DManA]

The USPS business model is broken. It’s reason for existing is evaporating. And politicians, unions, and the board are incapable of making any meaningful change.

Cry and laugh and rant all you like. This is the fact of the matter.

[muawiyah]

The "business model" is not exactly broken, but the personnel system imposed by Congress IS broken, and rural service is also broken.

A study I did as early as 1976 said we needed to shut down 28,000 buildings and change all the customers of those offices over to rural delivery.

Then, through time, we'd get rid of the surplus postmasters and PTF clerks at those offices.

The savings were enormous.

Congress has no interest in closing those buildings. Congress is not a business. It is not a business model.