Posted on 09/20/2011 4:22:11 PM PDT by Kaslin
Well, seems that you are a bit of an IDIOT:
http://heritageaction.com/2011/05/hidden-in-obama%E2%80%99s-2012-budget-usps-bailout/
What did the USPS do with the money that was freed up last year? Why are they still bleeding after getting what they asked for a year ago?
The OPM has also been OVERCHARGING USPS and its employees for their federal retirement program ~ for years!
The overcharge is now up to $78 billion.
The $5 billion has nothing to do with pensions ~ that's the Medical Insurance Payment for FUTURE RETIREES, not for people already retired, or even people who will be retired in the next few years, but people who may retire from USPS many years from now!
What did you imagine it was about?
BTW, you should also beware of almost anything written for Heritage when it comes to USPS. A former postal headquarters employee works there who used to provide a piece of information every month about whether or not mail volumes would go up or down the next month. He predicted mail volume.
I was able to prove he'd never been right even one time over the many years he'd made that prediction. He had the amounts wrong, and whether it was going up or down.
Total Fail!
He kind of edits this nonsense that Heritage publishes. In this case, it's another Epic Fail.
BTW, as far as any money being freed up last year, that didn’t happen. Remember, you read it in Heritage. They’re up to their eyeballs in fiction.
At the moment you are so wrong it isn't really worth trying to set you straight.
Hope you don’t lose your cushy Post Office job in the inevitable upcoming bloodlettings.
That wouldn't have prevented the current fiscal problem (which is a relative thing, not absolute) but USPS would be smaller!
“The source of funding for USPS employees and the agency is called POSTAGE. Taxpayers are stuck with nothing.”
Who do you think funds the USPS deficit?
Where did you imagine they got the funds?
“The USPS borrows to fund the deficit.”
and who do they borrow from?
“Taxpayers are stuck with nothing.
while you are looking for what bank funds the USPS deficit, I’ll help you out. The Bank of the US Taxpayer funds the deficits of the USPS.
It’s the Federal Financing Bank, which is a part of the US Treasury.
http://www.treasury.gov/ffb/press_releases/2011/08-2011.shtml
So, the US Taxpayer is stuck funding the USPS deficits.
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