... and ObamaCare is gonna work even better!
Posted on 11/15/2013 10:18:14 AM PST by Zakeet
The beleaguered U.S. Postal Service on Friday reported a $5-billion loss in the last fiscal year and again urged Congress to take legislative action that would help the agency shore up its finances.
[Snip]
It's the seventh-straight yearly net loss for the agency.
[Snip]
Since 2006, the agency has cut its expenses by $15 billion annually, but first-class mail volume has continued to drop.
(Excerpt) Read more at latimes.com ...
... and ObamaCare is gonna work even better!
$5 billion is a pretty big loss for the Postal Service to make up through handling Sunday Amazon shipments.
I guess it’s no wonder they tried to tax e-mail some years back.
anyway, I love the mail....still....I have noticed that our mailman takes a day off about twice a month and we get no mail....what are the odds that a household that averages 5-6 things delivered a day doesn't have at least one thing to deliver?....
the postal service has been flushing billions down the toliet with their pensions for a long time..
Debbie Schultz: “That’s because tax rates are too low”.
He’s having a beer w Cliff at Cheers.
Privatize the whole thing.
I heard on local radio that they are buried under tons of pension obligations.
See, all us are supposed to bail them out with our money for their over promised pensions.
Every time I see these stories I am reminded that our govt is so stupid it can even screw up a monopoly. Pathetic...
“... but first-class mail volume has continued to drop.”
UNION PENSIONS & CORRUPTION.
I get so many catalogs this time of year I’m gonna have to put air shocks on my car to get it all to the recycling.
I made some quip about the post office going broke to my uber-liberal sister. She said “that’s because the Post Office is private.” I didn’t say anything back - what can you say? But then I got to thinking what makes her think things like that?
On the interwebs people claim that it is “semi-private” or something because it does not get any general tax money from the government. It is “supported” by the revenues on stamps and shipping.
I even doubt that. How can you run at a $5-billion loss? Does it get interest-free “loans” from the the government?
If they would charge the junk mailers the same rate as they charge citizens they would make money.
Let’s see, I can hear it now...
1. Let’s up the price of postage to well over 50cents a stamp.
2. Let’s discontinue Saturday mail all together.
3. Let’s close down those post offices that are in various drug and grocery stores, you know in those out of the way little towns out there, at least close them MWF.
4. Let’s increase the costs of shipping packages...and be sure to decrease the wt that you can “ship yourself” to like 5 oz. Meaning that you “have to come in to the post office” to ship.
5. And let’s also spend a bunch of money advertising how efficienct we are with the AD Council.
Let’s do all the above and this time next year we will have lost probably around 8 billion per year.
How long could “private” UPS and “private” Fedex run a 5 Billion dollar loss. I wish I could be that special kind of “private”
They are only showing a loss because Congress decided that the pensions needed to be funded out 30 years, or something ridiculous like that.
Anything and everything government gets their hands on goes to shyte.
I wish my spousal unit didn’t get tons of catalogs that sit for months and usually there are multiple copies. When they make it to the bin, it doesn’t seem to make a dent in the volume.
There is a Post Master General that runs the Post Office. How many private businesses have generals?
the rats have had to string along their voters for decades with that carrot they dangle....they knew from day one it was all unsustainable....
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