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Postal Service Default: Postmaster General Pleads For Congressional Action As Bankruptcy Looms
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Postal Service Default: Postmaster General Pleads For Congressional Action As Bankruptcy Looms
Bankruptcy, the post office?
http://www.huffingtonpost.com/2011/09/06/postal-service-bankruptcy_n_951019.html
http://www.huffingtonpost.com/2011/09/06/postal-service-bankruptcy_n_951019.html
gigichicago- Admin
- Posts : 1655
Join date : 2011-04-30
Re: Postal Service Default: Postmaster General Pleads For Congressional Action As Bankruptcy Looms
And Now The U.S. Postal Service Is About To Go Belly Up…
http://finance.yahoo.com/blogs/daily-ticker/now-u-postal-belly-153600714.html
http://finance.yahoo.com/blogs/daily-ticker/now-u-postal-belly-153600714.html
gigichicago- Admin
- Posts : 1655
Join date : 2011-04-30
Re: Postal Service Default: Postmaster General Pleads For Congressional Action As Bankruptcy Looms
How to Privatize the Post Office - please spread this around to your friends - Amerikans are fed so much propaganda it's pathetic. Stop using corporate press for your "news."
As usual, the corporate press hasn't told the truth - surprise, surprise - regarding the real reason why the USPS is in financial trouble. At a Congressional hearing, NALC President Fredric Rolando laid out the real root of the problem: "The problem lies elsewhere: the
2006 congressional mandate that the USPS pre-fund future retiree health
benefits for the next 75 years, and do so within a decade, an obligation no
other public agency or private firm faces. The roughly $5.5 billion annual
payments since 2007 — $21 billion total — are the difference between a positive and negative ledger." According to Rolando, fixing the real problem --
the pre-funding of future benefits at such an exaggerated standard -- isn't even
on the table.
Since portions of the postal service have already been privatized, there have been many useless - and I mean useless - executives given jobs that only suck more money out of the system. The real workers - especially the carriers - have been crapped on big time.
As usual, the corporate press hasn't told the truth - surprise, surprise - regarding the real reason why the USPS is in financial trouble. At a Congressional hearing, NALC President Fredric Rolando laid out the real root of the problem: "The problem lies elsewhere: the
2006 congressional mandate that the USPS pre-fund future retiree health
benefits for the next 75 years, and do so within a decade, an obligation no
other public agency or private firm faces. The roughly $5.5 billion annual
payments since 2007 — $21 billion total — are the difference between a positive and negative ledger." According to Rolando, fixing the real problem --
the pre-funding of future benefits at such an exaggerated standard -- isn't even
on the table.
Since portions of the postal service have already been privatized, there have been many useless - and I mean useless - executives given jobs that only suck more money out of the system. The real workers - especially the carriers - have been crapped on big time.
sbraney- Valued Poster
- Posts : 40
Join date : 2011-02-18
Location : Pennsylvania
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