The Obama administration said on Tuesday that it would seek to save the deficit-plagued Postal Service from an embarrassing default by proposing to give it an extra three months to make a $5.5 billion payment due on Sept. 30 to finance retirees’ future health coverage.
The postal service would be making a profit if it weren’t for the retirees benefits.
It should have been privatized years ago.
I do 100% of all my financial transactions online. The only thing USPS delivers to Mrs. FD and I are Netflix (which I cancelled), junk mail and magazines. They could stop Saturday, Tuesday and Thursday delivery with no adverse affect on us.
Close the whole thing down.
"Has the USPS ever considered an ad campaign to convince Ameicans on the importance, the value, of writing letters?"
Possibly the stupidest thing she's ever sdaid?
“We must act quickly to prevent a Postal Service collapse,” said Senator Joseph Lieberman, independent of Connecticut,
WHY?
It does not work
We are broke.
STOP! No More.................
Kill the beast. Privatize it.
Ye Gods but this is easy: terminate the Postal unions.
Close it down, simple solution.
ENOUGH!!!!!! Pensions are NOT SUSTAINABLE...ANYWHERE!!!
My utility company (Ameren Illinois) will not get on board with electronic billing, the only bill I have that can’t be paid that way. I believe the reason is that they don’t want to pay the fees involved with debit and credit cards and they can’t simply raise rates at will, they have to get permission for every rate increase from a state agency.
So every month I get my bill from them in the U.S. mail and have to use the U.S. mail to send them a paper check and wait about two to three weeks for them to cash it and clear my bank account.
Just remembered, my water bill is the same way, mail a check or pay cash in person, cash is my usual route with them, always getting a receipt.
Today will be one of the few times I will actively be sending something via USPS.
I'm sending Mr. Hoffa a tea bag and a letter expressing my displeasure at his performance in detroit on Labor Day.
Not that hoffa will care, but maybe some mafia guy will get short changed by young jimmy and he'll end up in a NJ parking lot with the old man.
Let me guess - he has a plan but it will cost $300 billion...
let them re-organize under a bankruptcy judge - without the union!!
that is the only option - no more bailouts!!!
All congress has to do is allow them to deliver 5 days instead of 6. The postal service has been asking Congress to let them do this for years. Why won’t the government allow this simple change that will allow the Usps to continue on. Also Congress will not allow the Post Office to offer to sell more goods or services or close more dead weight offices. They prefer Hoffa’s teamster pals at UPS.