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US Postal Service defaults. Fate lies with Congress...Again!! And Again!! and...

 
Anonymous Coward
User ID: 19420840
United States
10/05/2012 03:19 PM
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US Postal Service defaults. Fate lies with Congress...Again!! And Again!! and...
US Postal Service defaults. Fate lies with Congress.

The U.S. Postal Service, on the brink of default on a second multibillion-dollar payment it can't afford to pay, is sounding a new cautionary note that having squeezed out all the cost savings within its power, the mail agency's viability now lies almost entirely with Congress.

In an interview, Postmaster General Patrick Donahoe said the mail agency will be forced to miss the $5.6 billion payment due to the Treasury on Sunday, its second default in as many months. Congress has left Washington until after the November elections, without approving a postal fix.

[link to www.csmonitor.com]

this aint the first time..read more from others here on glp

[link to www.godlikeproductions.com]
Anonymous Coward
User ID: 25020490
United States
10/05/2012 03:30 PM
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Re: US Postal Service defaults. Fate lies with Congress...Again!! And Again!! and...
Keep the pensions alive for goverment workers.
Anonymous Coward (OP)
User ID: 19420840
United States
10/05/2012 03:36 PM
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Re: US Postal Service defaults. Fate lies with Congress...Again!! And Again!! and...
Keep the pensions alive for goverment workers.
 Quoting: Anonymous Coward 25020490


AMEN!!
Anonymous Coward
User ID: 22124161
United States
10/05/2012 03:52 PM
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Re: US Postal Service defaults. Fate lies with Congress...Again!! And Again!! and...
these payments are for future retiree health care benefits
75 years into the future, the have to pay 6 billion a
year for the next ten years for this. This setup was put
into place by republicans in 2006, to insure a default.
The USPS is not now nor was it ever meant to be a business
that made profit,it was a service for the people, and
has been in place since the country was born.
They found a way to kill it and chop it up for business
to make money from it, its a shame...alot of postal
employees are ex military, it gave them a decent paying
job and a way to feel as though they still were serving
their country.
Anonymous Coward
User ID: 25020490
United States
10/05/2012 04:03 PM
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Re: US Postal Service defaults. Fate lies with Congress...Again!! And Again!! and...
blah blah blah have private companies do it, I dont owe a lazy goverment worker a pension for life
Anonymous Coward
User ID: 1561325
United States
10/05/2012 04:14 PM
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Re: US Postal Service defaults. Fate lies with Congress...Again!! And Again!! and...
these payments are for future retiree health care benefits
75 years into the future, the have to pay 6 billion a
year for the next ten years for this. This setup was put
into place by republicans in 2006, to insure a default.
The USPS is not now nor was it ever meant to be a business
that made profit,it was a service for the people, and
has been in place since the country was born.
They found a way to kill it and chop it up for business
to make money from it, its a shame...alot of postal
employees are ex military, it gave them a decent paying
job and a way to feel as though they still were serving
their country.
 Quoting: Anonymous Coward 22124161


Right on the mark save for one aspect.

Were it my own writing, I would have chosen to simply state that the setup was put into place by politicians. Democrats did nothing to backtrack on this when they had ample opportunity with a majority.

Politicians are destroying the most profound aspects of America, and you are buying into the partisan BS that one side is more to blame than the other.

Every single one of them is against you, whether they rally with the side you vote for or not.
chicago getting sparrows
User ID: 1351603
United States
10/05/2012 04:18 PM
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Re: US Postal Service defaults. Fate lies with Congress...Again!! And Again!! and...
oh yes haymarket going post Al. Justified!

Do you order your stamps by the cyanide lethality or do you just trust the post officer general to be LD 50 toxicology expert?


Yes i would like some of the rose stamps (wink wink)


Crazy frog - Na Na Na Hey Hey

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PravdaDemocrat

User ID: 19228212
United States
10/05/2012 04:21 PM

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Re: US Postal Service defaults. Fate lies with Congress...Again!! And Again!! and...
US Postal Service defaults. Fate lies with Congress.

The U.S. Postal Service, on the brink of default on a second multibillion-dollar payment it can't afford to pay, is sounding a new cautionary note that having squeezed out all the cost savings within its power, the mail agency's viability now lies almost entirely with Congress.

In an interview, Postmaster General Patrick Donahoe said the mail agency will be forced to miss the $5.6 billion payment due to the Treasury on Sunday, its second default in as many months. Congress has left Washington until after the November elections, without approving a postal fix.

[link to www.csmonitor.com]

this aint the first time..read more from others here on glp

[link to www.godlikeproductions.com]
 Quoting: Gonviral


Who cares...
It won't make the evening news shows, but the wonderous news of the UNICORNS BRINGING 700,000+ Jobs will!!

News