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Audit: Despite staff, spending cuts post office lost $3.8 billion last year
Los Angeles Times ^ | 11/16/2009 | Unattributed

Posted on 11/16/2009 12:57:20 PM PST by mojito

The Postal Service reported a net loss of $3.8 billion for the 2009 fiscal year, about $1 billion more than the previous year.

The loss comes despite a reduction of 40,000 in career employees and billions in cost-cutting measures.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Extended News; Government
KEYWORDS: uspostalservice
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A preview of Obamacare.
1 posted on 11/16/2009 12:57:20 PM PST by mojito
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To: mojito

a cut of 40000 but what did it cost them being they were federal employees to cut them...try c utting down the number of days they deliver...cut fuel savings by hav ing them walk like they used to years ago...they will get exercise that why too possibly cutting down on healthcare costs...there are number of ways....reduce the weekly take home pay like the private sector all over america is being hit with...


2 posted on 11/16/2009 1:00:59 PM PST by tatsinfla
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To: mojito

Well, I’m cutting way back on my mailings in 2010. They did not pay off. So they will have less business from me next year.


3 posted on 11/16/2009 1:02:07 PM PST by Marie2 (The second mouse gets the cheese.)
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To: mojito
The Postal Service can't turn a profit with a lousy first class 45c stamp? Its the end of the world!

"Show me just what Mohammed brought that was new, and there you will find only things evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelogus

4 posted on 11/16/2009 1:04:38 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: mojito

Maybe we can use the money saved with Obamacare to help support the Postal Service..... Heck, Pelosi’s going to save us billions and billions, and trillions of billions.

Wait a minute... did this happen on Obama’s watch? LOL


5 posted on 11/16/2009 1:05:19 PM PST by Gator113 (Obamba, Reid, Pelosi, the socialist triad.)
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To: mojito

In as much as the postal service is bloated with more chiefs than indians and has to cater to the lowest common denominator (thanks, unions), then, yes, it is a preview of Obamacare.

The post office has major issues because they are run in the manner of all federal deprtments: Stupidly. But, to trash the employees because their managers are simultaneously stupid and too numerous to keep out of each other’s way misses the mark.


6 posted on 11/16/2009 1:05:25 PM PST by delphirogatio (I send you out as sheep in the midst of wolves. Therefore be wise as serpents and harmless as doves.)
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To: tatsinfla

There have been proposals to reduce the number of post offices and the number of days a week for delivery (e.g, eliminating Saturday delivery). These days with delivery services such as UPS or Federal Express, plus the use of e-mail, faxes and other electronic means of communication, post offices and postal delivery are just no longer sustainable at the present rate. Time to make some cuts. But once again, the unions thwart any move to save money.


7 posted on 11/16/2009 1:05:28 PM PST by fatnotlazy
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To: mojito

Maybe we can use the money saved with Obamacare to help support the Postal Service..... Heck, Pelosi’s going to save us billions and billions, and trillions of billions.


8 posted on 11/16/2009 1:05:46 PM PST by Gator113 (Obamba, Reid, Pelosi, the socialist triad.)
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To: mojito

I got tired of the post office losing my mail so I’m converting more and more to online bill paying.


9 posted on 11/16/2009 1:06:31 PM PST by Dewey Revoltnow
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To: fatnotlazy

of course...the unions....


10 posted on 11/16/2009 1:06:39 PM PST by tatsinfla
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To: delphirogatio

I have a P.O. box and have to use them for some things. It might as well be run by ACORN. What a joke.


11 posted on 11/16/2009 1:09:08 PM PST by Frantzie (Judge David Carter - democrat & dishonorable Marine like John Murtha.)
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To: mojito
Bush allowed this.

12 posted on 11/16/2009 1:09:08 PM PST by DeaconRed (Congress: Too Much Monkey Business. BO:Too Much Monkey screwing up business-F.U.B.O.)
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To: mojito

Incompetent nincompoops. I just returned from the PO where there were 15 people in line ahead of me. Only one window was in service where there was some old lady getting about 20 money orders of various amounts. Other postal workers were milling about in the background doing little or nothing.


13 posted on 11/16/2009 1:10:27 PM PST by AnnGora
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To: mojito

every time they try to make cuts or efficiencies Congress steps in and stops them.


14 posted on 11/16/2009 1:30:58 PM PST by Buckeye McFrog
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To: mojito

All I have to do to lose any sympathy for the Post Office is to go to one.


15 posted on 11/16/2009 1:31:50 PM PST by Anti-Bubba182
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To: Frantzie
Indeed, it is the people running this government agency who are the problem. When you compound this level of incompetence with the stupidity of unions, viola you have a governmental blackhole.
16 posted on 11/16/2009 1:38:12 PM PST by delphirogatio (I send you out as sheep in the midst of wolves. Therefore be wise as serpents and harmless as doves.)
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To: mojito

Close every Post Office not turning a profit.

Where do I collect my consulting fee?


17 posted on 11/16/2009 1:43:09 PM PST by LeonardFMason
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To: mojito

That’s almost the same amount as the union retiree pension payment which the Congress rammed down the throat of the Postal Service as a payoff to Democrat union cronies.


18 posted on 11/16/2009 1:56:39 PM PST by mvpel (Michael Pelletier)
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To: LeonardFMason
Where do I collect my consulting fee?

Check's in the mail

(you were expecting that, weren't you?)

19 posted on 11/16/2009 2:17:11 PM PST by This_far (Mandatory insurance! I thought it was about health care?)
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To: mojito

“A preview of Obamacare.

Except that Obamacare’s losses would be measured in tens or hundreds of billions a year. I say “would” rather than “will” as I continue to hope and pray his plan meets the same fate as Hillarycare.


20 posted on 11/16/2009 2:20:29 PM PST by DrC
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