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To: Obama_Is_Sabotaging_America

Anecdotal comments don’t change my view. The USPS is in the same position as newspapers. They need to restructure dramatically because technology is quickly reducing their business.


121 posted on 12/23/2012 2:01:45 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: nascarnation
From 2010:

"Unfortunately, the U.S. Postal Service also is effectively bankrupt. The USPS expects to lose about $7 billion this year. The post office already has borrowed roughly $13 billion from Uncle Sam. At the end of 2009 USPS had $33.5 billion in outstanding liabilities and another $54.8 billion in unfunded retiree health and pension obligations."

Bottom line? If the USPS didn't shell out SALARIES FOR LIFE AT THE EXPENSE OF THE TAXPAYER, they'd not be in the mess they're in.

127 posted on 12/23/2012 3:59:13 PM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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