Posted on 11/28/2012 4:42:06 PM PST by Hojczyk
The head of the financially struggling U.S. Postal Service said the agency must be allowed to ease the terms of prepayments into a retiree health-care fund and eliminate general mail delivery on Saturday.
Patrick Donahoe told "CBS This Morning" the agency isn't asking Congress for money.
He said, "I think most people don't realize, we're 100 percent self-sufficient. We pay our own way." But the postal chief notes the agency is losing $15.9 billion this year.
Donahoe says the post office needs to refinance retirement health fund payments to $1 billion a year instead of $5 billion.
He said the Postal Service would continue package delivery on Saturday and keep post offices open. In this scenario, he says the agency could be $8 billion in the black each year.
(Excerpt) Read more at cnbc.com ...
I prefer to choose my own endeavor to patronize; not to have my mail box invated by crap that I have to pay to have hauled away.
You did realize you can simply not put out a box and no mail will be delivered to you.
Cut executive pay 50%.
In return for lost Saturday service, they should fire one out of 6 employees and cap pensions.
They should get rid of half of all employees associated with the physical handling of mail (and their managers and manager’s managers...).
Then, switch everyone to every-other-day delivery - some neighborhoods Monday/Wednesday/Friday and others Tuesday/Thursday/Saturday. The only exceptions would be those that get enough mail that it’s easier to deliver to them daily rather than every-other-day.
Cuts current operating expenses, and substantially cuts the number of future retirees who need to be pre-funded now.
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