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Post Office Warns of Default; Wants Help From Congress
Internation Business Times ^ | August 5, 2011 | IB Times Staff Reports

Posted on 08/05/2011 10:49:48 AM PDT by NautiNurse

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Sending snail mail is so 20th Century. When retirees live longer on pension than they worked, something has to give.
1 posted on 08/05/2011 10:49:53 AM PDT by NautiNurse
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To: NautiNurse
will default on payments to the federal government if Congress does not step in with help

They owe the government money? So, they want the government to give them money? So they can pay the government what they owe the government?

We are so screwed.

2 posted on 08/05/2011 10:52:19 AM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: NautiNurse
Congress handed an over $2 Trillion dollar blank check to Obama. Now the leeches are lining up for their cut of his “stash”.
3 posted on 08/05/2011 10:52:26 AM PDT by apillar
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To: ClearCase_guy

Yep. Notice I edited out the laughable line, “The USPS does not get taxpayer funds.”


4 posted on 08/05/2011 10:56:01 AM PDT by NautiNurse (TSA Tit for Tat--Yukari Mihamae--thank you!)
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To: NautiNurse
A few years ago I was in a Post Office and ran into some stupid rule. The clerk seemed to expect me to complain, but I just shrugged and said, "I could argue, but I know the government will win."

She went ballistic on me -- "We are NOT the government! We are a private company! We receive no tax dollars!"

I shrugged again and said, "Sure Lady. Whatever you say."

5 posted on 08/05/2011 10:59:15 AM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: NautiNurse
I dont think we need to eliminate the USPS (yet) but - if the total volume of mail is going down - (I know, call me stupid but) shouldnt the headcount supporting that volume also go down?

Most of the stuff I get in the mail today is junk - maybe they should raise their prices on that stuff rather than the price of a stamp?

6 posted on 08/05/2011 10:59:21 AM PDT by capydick (''Life's tough.......it's even tougher if you're stupid.'')
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To: NautiNurse

And Fannie and Freddie want 5 Billion more...


7 posted on 08/05/2011 10:59:44 AM PDT by Freddd (NoPA ngineers.)
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To: NautiNurse
Time to cut costs.

We still use the postal service and they do a decent job for us. I have no idea how much it costs (bottom line) to ship a letter. How much is a stamp now? 45c? Probably costs a lot more than that when you consider all funding and costs.

8 posted on 08/05/2011 11:00:03 AM PDT by dhs12345
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To: NautiNurse

Lol, you need to cut those retirement benefits and close the bulk mail centers. That are buy a few more million dollars homes for employees.


9 posted on 08/05/2011 11:02:18 AM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: ClearCase_guy

“They owe the government money? So, they want the government to give them money? So they can pay the government what they owe the government?”

It worked for GM! /sarc


10 posted on 08/05/2011 11:02:27 AM PDT by brownsfan (I miss the America I grew up in.)
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To: ClearCase_guy

Isn’t this what the administration is doing? Borrowing money from China so they can pay the interest they owe China?


11 posted on 08/05/2011 11:02:38 AM PDT by RC2
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To: NautiNurse

Oh yea - I meant to mention - I totally piss off the people in my local post office when I ask for the President Reagan stamps and not the generic Forever stamps. One time one disgruntled cog told me they were out of them when I saw a sheet in her drawer - I thought her head was gonna explode when I told her “I think I see one more sheet in your drawer there.”


12 posted on 08/05/2011 11:03:03 AM PDT by capydick (''Life's tough.......it's even tougher if you're stupid.'')
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To: capydick
Agreed on both counts.

Increasing the cost of stamps may help. However, if it gets too expensive, I'll pay my bills online.

13 posted on 08/05/2011 11:03:03 AM PDT by dhs12345
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To: ClearCase_guy
I think it was Olympia Snow cooked this one up. It's a payment in advance against Medical insurance costs for future retirees.

NOBODY DOES THIS ANYWHERE ELSE.

It's just another way to have the Postal Service subsidize the rest of the government.

The headline is deceptive ~ USPS is not asking for "help" ~ they are asking for the government to quick standing on their corporate neck and sucking all their money.

14 posted on 08/05/2011 11:05:11 AM PDT by muawiyah
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To: NautiNurse

It is one of the few constitutionally authorized functions of government.

I would eliminate SS and 40 other government agencies before eliminating the Post Office.


15 posted on 08/05/2011 11:06:08 AM PDT by listenhillary (2007 deficit 160 Billion, 2008 - 458 billion, 2009 -1.4 Trillion, 2010 - 1.6 Trillion)
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To: muawiyah

Didn’t the post office overpay into some retirement fund? I never heard what happened there.


16 posted on 08/05/2011 11:08:35 AM PDT by listenhillary (2007 deficit 160 Billion, 2008 - 458 billion, 2009 -1.4 Trillion, 2010 - 1.6 Trillion)
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To: brownsfan

And AIG!!!!!!


17 posted on 08/05/2011 11:08:56 AM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: capydick

omg—I avoid the surly post office counter workers like the plague. Ordered my Reagan forever stamps online. Bought enough for a lifetime supply, since I only use stamps to send my annual tax return.


18 posted on 08/05/2011 11:12:38 AM PDT by NautiNurse (TSA Tit for Tat--Yukari Mihamae--thank you!)
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To: ClearCase_guy

People like my brother is the problem. The mail carriers had 2 blocks added on due to less mail and they all did a slowdown to save the job!

When my friend was a mail carrier he’d be done by 11:30 but paid a full day. And that was a few years ago when there was mail!


19 posted on 08/05/2011 11:13:42 AM PDT by GreaterSwiss
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To: NautiNurse

I remember when Zero was talking about how the National Health Care scheme he was proposing would not squeeze out private insurance companies. He compared the Postal Service to UPS and FedEx and smuggly claimed that THEY weren’t being squeezed out of business.

But the lazy and butt-kissing journalists failed to use that analogy and ask about how the USPS LOSES money every year and the taxpayers have to shoulder that burden as well.


20 posted on 08/05/2011 11:16:57 AM PDT by ThomasNast (2350)
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