To big to fail?
1 posted on
09/05/2011 9:37:04 AM PDT by
mdittmar
Navigation: use the links below to view more comments.
first 1-20, 21-22 next last
To: mdittmar
They just need more money! /sarc
2 posted on
09/05/2011 9:37:55 AM PDT by
unixfox
(Abolish Slavery, Repeal The 16th Amendment!)
To: mdittmar
Their solution-GIVE US MONEY OR WE’LL SHUT DOWN.
3 posted on
09/05/2011 9:39:46 AM PDT by
HarleyD
To: mdittmar
God forbid they actually try to figure out how to do their work more efficiently.
I for one would be perfectly happy to get mail delivered 3x per week.
4 posted on
09/05/2011 9:40:50 AM PDT by
VoiceOfBruck
(Welcome to Costco. I love you. Welcome to Costco. I love you.)
To: mdittmar
LOL. More like too important to Congress to fail.
5 posted on
09/05/2011 9:43:23 AM PDT by
freespirited
(Stupid people are ruining America. --Herman Cain)
To: mdittmar
Their Pensions are ludicrous,How did they get that kind of money given to them?
6 posted on
09/05/2011 9:44:02 AM PDT by
Cheetahcat
(Carnival commie side show, started November 4 2008 ,A date that will live in Infamy.)
To: mdittmar
Another mess which will fall on Obama’s plate.
Obama will blame it on the failures of Bush to deal with this problem.
I will never understand why it has been okay, for almost three years now, for Obama to say he inherited problems, yadda, yadda, yadda, and the liberals and MSM lap it all up.
Every president in history has inherited problems from the previous administration, and/or, had to deal with onoing problems which festered and were not dealt with. You might think that true leadership would be to come up with your plans to solve these problems, rather than complain about them.
And that’s especially true when you consider the grueling process involved in running for president in the first place. Obama wanted that job badly, and things fell into place for him in the primaries, and the general election. Being president is an honor, a priviledge, and a ton of hard work. But if you are a real leader, you will not sit around and complain, you will come up with plans to deal with the issues of the day.
I’m sure Obama will say that we have to have a solvent postal service, blame Bush for not solving this problem, then call for a tax increase to pay for it all.
To: mdittmar
Well it is going to be up to our Next president NOT to pardon Zippy,He badly needs jailed!
8 posted on
09/05/2011 9:46:00 AM PDT by
Cheetahcat
(Carnival commie side show, started November 4 2008 ,A date that will live in Infamy.)
To: mdittmar
The beginning of “the spiral?”
To: mdittmar
Shouldn’t the pension fund have been in safe keeping somewhere?
11 posted on
09/05/2011 9:50:30 AM PDT by
Beowulf9
To: mdittmar
But...but...but if the post office closes down, the policemen, firefighters, teachers, children and the elderly won't be able to get any mail! Those wascally Wepublicans! It's all their fault.
sarc/
12 posted on
09/05/2011 9:50:44 AM PDT by
FlingWingFlyer
(Coming November 2012 - The End of an Error.)
To: mdittmar
The average salary for these guys is $86,000 a year.
AVERAGE.
There are scores of thousands of uneducated boobs pulling in 6 figure jobs.
The average Federal salary (FBI agents, Dept of Defense employees, etc) is $63,000 a year - and many of these employees have masters degrees and specialized training.
The postal union has got away with murder in recent years. Their pensions are lavish. Our military heroes are not paid that generously in retirement!
Something has to give.
13 posted on
09/05/2011 9:50:54 AM PDT by
SkyPilot
To: mdittmar
Can some current or former USPS employee explain to the rest of us just what the "reorganization" of the Post Office did? I believe the former civil service swamp of patronage jobs underwent what I thought was a "privatization" in the early 70's.
Prior to the changes the Postmaster General, a cabinet level position, was the dispenser of all political patronage jobs for the administration.
Regards,
GtG
17 posted on
09/05/2011 10:05:31 AM PDT by
Gandalf_The_Gray
(I live in my own little world, I like it 'cuz they know me here.)
To: mdittmar
The Postal Service is in trouble because of a Bush‐era (2006) law that requires the USPS to massively prefund the cost of retiree health benefits over the next 75 years in just 10 years time. This cost covers not only current employees, but employees who have yet to be hired and it is on top of the cost for health benefits for current retirees. No other company or agency in America is required to pre‐fund future retiree health benefits. No rational company would choose to make pre‐funding future retiree health benefits the highest corporate priority in todays economy and no company would use all its borrowing capacity to do so. But that is precisely what the Postal Service has been forced to do. As a result, it will soon exhaust its $15 billion borrowing authority ‐‐ a line of credit established in 1970 to permit the USPS to invest in its retail and mail processing networks and to keep its huge vehicle fleet up to date. In 2005, the Postal Service did not even have to use its borrowing authority. It had no outstanding debt; today it has $13.2 billion in debt. Virtually all this debt has been used to finance the pre‐funding of retiree health benefits ‐‐ not to restructure the Postal Services network of facilities, or to replace its old vehicle fleet, or to invest in new products and services to meet the emerging needs of the nations economy. No other federal agency in any of the three branches of government is required to pre‐fund future retiree health benefits. Congress mandated prefunding for the USPS, but it does not pre‐fund and none of its special agencies ‐‐ the General Accountability Office, the Congressional Research Service, the Congressional Budget Office or the Library of Congress do either. The USPS is financially self‐sufficient. It pays for its operations through the sale of postage and has not received any taxpayer subsidy since 1982. In 1971, before postal reorganization took effect, Treasury appropriations covered nearly 25% of the P.O.D.s budget. In todays dollars, that would cost taxpayers approximately $16.25 billion. So postal reorganization has saved taxpayers tens of billions of dollars since 1970. The Postal Service delivers 40% of the worlds mail Critics complain that labor costs make up a higher percentage of total USPS costs (80%) than they do in the private companies (50%‐65%). But the comparison is misleading. The USPS is a universal service provider of basic services that requires daily delivery to 7 ‐8 times as many addresses each day than the private companies, which focus on parcels and freight services that are targeted to a much narrower range of recipients. The USPS function is inherently more labor intensive. Indeed, the Postal Services last mile delivery network is so efficient that the private companies rely on it to reach places they dont serve. The Parcel Select product allows private companies to drop ship to post offices for last mile delivery by letter carriers the Fed Ex version of this service, FedEx SmartPost is the fastest growing division within the Memphis‐based company. Facts...they are a terrible thing. Freepers with USPSDS should be ashamed of their ignorance. You look like a bunch of knee-jerk libs. Astounding! Conservatives claim to be against government mandates. Wonder what the response would be from Freepers if Obama mandated all companies with more than 250 employees follow the same mandate the USPS must follow on prefunding. Lets see any other company that can survive that mandate!
18 posted on
09/05/2011 10:06:14 AM PDT by
ltrman61
To: mdittmar
It’s a headfake, otherwise known as a steaming pile. USPS has to prefund it’s pensions and health care out to 75 years in the future, otherwise it would be showing a $2billion profit. Can’t make a profit, so the money must be shoved into a hole somewhere. USPS will NOT shut down this winter, bank on it.
27 posted on
09/05/2011 10:25:19 AM PDT by
Big Giant Head
(Two years no AV, no viruses, computer runs great!)
To: mdittmar
Whadya think Sam?
31 posted on
09/05/2011 10:33:47 AM PDT by
New Jersey Realist
(Congress doesn't care a damn about "we the people")
To: mdittmar
Another obama first.
First Presentdent to preside over the U.S. Postal Service going T's-up.
37 posted on
09/05/2011 10:45:47 AM PDT by
skimbell
To: mdittmar
Just a few short days back someone some where insisted to me that the post office did not use tax dollars to fund.UH HUH really so what would those be called if Congress steps in and bails them out....tax dollars?
To: mdittmar
The good news is that we only need 100 trillion dollars to keep it afloat.
For three more weeks.
69 posted on
09/05/2011 1:46:56 PM PDT by
DPMD
(~)
To: mdittmar
USPS running out of cash Shut-er-Down!!!
88 posted on
09/05/2011 5:12:04 PM PDT by
ROCKLOBSTER
( Celebrate Republicans Freed the Slaves Month.)
To: mdittmar
So much for the TV commercials about the USPS being self sufficient!
Let em die because they lie!
95 posted on
09/05/2011 5:45:53 PM PDT by
Randy Larsen
(I Stand With Sarah!)
Navigation: use the links below to view more comments.
first 1-20, 21-22 next last
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson