Yep. And they’ve known this was likely since spring.
But nobody there will take a salary cut.
Stop Saturday delivery and lay some postal workers off. No.....just keep on doing what you’re doing...idiots!!
Oh boy! Pass another debt ceiling increase or the postal service will go into default! (I just can’t be sarcastic enough!)
Cut them loose. Let it go.
All kinds of good news today that we can blame Obama for. And who cares if the USPS defaults- maybe it’s about time that we let FedEX, UPS and other private businesses take over.
The wouldn’t be in such a mess if they didn’t pay in excess of $40k a year for part-timers to work no more than 3 days a week...
i wonder if the horse-shoe industry took this long to die.
probably not. they weren’t ‘latched onto’ the public teet...they had families to feed.
fannie mae??? freddie mac???
So a federal government agency that is funded by taxpayer dollars can’t pay it’s debt to a federal government agency which is funded by taxpayer dollars which can’t pay it’s debt either.
Is it time yet?
one of the most successful unions threatens their host.
for four decades they’ve always hired recent immigrants over native americans.
i say privatize. run the usps as business, not one, but several competitors.
they lost the most profitable segment of their business to competitors—ups, fedex et al.
If the postal service was run by democrats they
would want to raise the price of stamps for the
wealthyist 1% of the nation while offering free
delivery to the poorest.
I have the answer on how to avoid Default. Spend more! I’ve learned that from our Lords in D.C. That brilliant tactic has kept our pure AAA credit rating....oh.
Hows that hope and change working now?
The Post Office, just like General Motors. Pension benefits that are choking the life out of both. GM has a chance, but the PO doesn’t. Shut it down, and parcel it out to Fed Ex and/or UPS if they want it. Bill paying is going electronic, and I don’t need the junk mail that fills my mailbox. I can honestly say that I have never bought anything as a result of a mailer, and the mailers are being delivered at less than the cost of delivery while they kite the first class mail to try and break even.
Remember, this is were all the people who left Viet Nam after its down fall in the early 70’s went to work. The US government premised them jobs.
Paying letter carriers or counter people 90K just doesn’t add up.
Pray for America
One more reminder: the postal service is authorized by the Constitution.
Is the EPA, Depts. of (mis)Education, Energy, HUD, and so on?
USPS brings in revenue. Do any of the others?
You would think people on FR would be more knowledgeable about the USPS. Or at least do some simple research before posting. The ignorance is astounding. But, the USPS is more visible than 99% of what most freepers do for a living. Too bad we can’t critique what everyone else does for a living. Anyone want to start? Teachers? Farmers? Anyone?
The other day I saw an ad by the Letter Carriers Union (or some similar crap union) that said the USPS was paid for completely by stamps. Would the Post Office people lie to the public? Shocked ... yes I’m shocked. Next I won’t be able to trust the spewings of the Federal Reserve, or EPA, or Congress.