Postal Service looks to new Congress for rescue

Comments (6)
tmc wrote:

No Rescue. I do not want to pay for their retirments when I get NOTHING in return (Gen X and younger). It is not fair.

Jan 04, 2013 1:22pm EST  --  Report as abuse
CharlesKayeAZ wrote:

A government run service losing money. Gee, whoda thunk?

I can only dream of a day when the American public finally figures out that whenever the gov gets its hands on anything, costs rise, service falls and we all lose. I guess it’s going to take a few years before Obamacare becomes the next example of why we shouldn’t allow our gov to run a darn thing.

Jan 04, 2013 1:58pm EST  --  Report as abuse
rusty53 wrote:

No one is asking you to pay. The Postal Service should not have to pay retiree benefits 75 years in advance so the gov’t can use the money now. No other business or gov’t agency has to do that. Gov’t money ( taxes, bailout) have never gone to’s the other way around!

Jan 04, 2013 2:13pm EST  --  Report as abuse
sjfella wrote:

Knock out one or two days of service per week. Easy as that. But government never ever does anything easy so expect this nonsense to continue indefinitely. I swear the entire government is filled with morons.

Jan 06, 2013 4:18pm EST  --  Report as abuse
americanguy wrote:

Blame Congress.
“The Congressional mandate has depleted Postal Service funds, forcing the [agency] to give up any quarterly or annual profits, empty its bank accounts and exhaust its borrowing authority … to satisfy an unfair political mandate,” Rolando said in a written statement.
Also not the USPO receives NO tax money, but it does borrow money.
The US has GIVEN Israel $100 billion over the decades, but we cannot help fund our own postal system? Why is the USPO it only agency that has to set aside billions of dollars each year(12 billion in 2012) for future retirees.
“Without the Congressional mandate, the loss would be 2 billion.On the other hand, that prefunding requirement is an absolute killer. It has cost the post office more than $20 billion since 2007 — a period during which its total losses amounted to $25.3 billion. Without that requirement, the post office would still likely be struggling, but it would have a lot more wiggle room — and a lot more cash. (Its pension obligations are also overfunded by around $11 billion.)
BUSH WOULD NOT ALLOW LEGISLATION TO CHANGE THIS, because it would make the deficit look bigger on paper. GW BUSH STRIKES AGAIN.

Jan 06, 2013 5:23pm EST  --  Report as abuse
USA4 wrote:

get rid of the USPS as soon as possible- simply shutter it. There is no need for it. The government is already paying for everyone to have internet, and with it the need for the USPS disappears. In the rare instance that something needs to be physically sent, other carriers can fill in on a private basis (e.g. UPS, FedEx) and the bulk mail waste of money, energy and resources can go away. I am so sick of taking junk mail up my driveway every day simply to throw it in the trash, lug it back down the driveway, and pay someone else to take it away every week.

Jan 06, 2013 5:28pm EST  --  Report as abuse
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