Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Facing a projected $6.4 billion loss this year, on top of a record shortfall in fiscal 2010, the Postal Service is expected to slam into the $15 billion statutory debt limit established by Congress by the end of the current fiscal year on Sept. 30. At that point, it could be faced with the choice of running out of cash or defaulting on its sizable pension obligations, including a required $5.5 billion annual payment to fund future retiree health costs.
Government financial sheets all over are hemorrhaging.
Stop subsidizing junk mail. We would reduce the volume of mail handled and probably could reduce the staff. we could double the revenue on the remaining junk mail. This could solve several problems. less pollution, more income to USPS, less aggravation to households filling trash bins with this unwanted material.
WASHINGTON — The U.S. Postal Service (USPS) ended the first quarter of this fiscal year (Oct. 1 – Dec. 31, 2010) with a net loss of $329 million, compared to a net loss of $297 million for the same period in fiscal year 2010. Excluding the cost of prefunding future retiree healthcare benefits and noncash adjustments to the workers’ compensation liability, the Postal Service would have had a net income of $226 million for the first quarter.
So, per your link, they only made a loss when you figured in...what their actual costs were? Those costs including the funding retiree healthcare costs. Isn't that kind of like Bernie Madorf(sp) claiming he made a prophit...if he didn't count for the costs of paying his investors?
So, per your link, they only made a loss when you figured in...what their actual costs were? Those costs including the funding retiree healthcare costs. Isn't that kind of like Bernie Madorf(sp) claiming he made a prophit...if he didn't count for the costs of paying his investors?
Stop subsidizing junk mail. We would reduce the volume of mail handled and probably could reduce the staff. we could double the revenue on the remaining junk mail. This could solve several problems. less pollution, more income to USPS, less aggravation to households filling trash bins with this unwanted material.
i wan to rep you but they won't let me.
I have nothing against the postal service, we have friends that are employees and or retired, but their benefits and salaries are unbelievable, with mondern technology we do not need delivery 6 days a week, junk mail is just that and as hard as it might be for some to accept, like everything else, the postal service is or will be come obsolete. They should not be bailed out.
Facing a projected $6.4 billion loss this year, on top of a record shortfall in fiscal 2010, the Postal Service is expected to slam into the $15 billion statutory debt limit established by Congress by the end of the current fiscal year on Sept. 30. At that point, it could be faced with the choice of running out of cash or defaulting on its sizable pension obligations, including a required $5.5 billion annual payment to fund future retiree health costs.
Government financial sheets all over are hemorrhaging.
The only reason they are running at a loss, is because Congress mandated that they over fund their pension liabilities. Some estimates have this overfunding at $75 BILLION dollars..
Quote:
Originally Posted by Toyman at Jewel Lake
So, per your link, they only made a loss when you figured in...what their actual costs were? Those costs including the funding retiree healthcare costs. Isn't that kind of like Bernie Madorf(sp) claiming he made a prophit...if he didn't count for the costs of paying his investors?
Stop subsidizing junk mail. We would reduce the volume of mail handled and probably could reduce the staff. we could double the revenue on the remaining junk mail. This could solve several problems. less pollution, more income to USPS, less aggravation to households filling trash bins with this unwanted material.
The taxpayers do NOT subsidize junk mail. The ONLY taxmoney which goes to the USPS is due to federal mandates that the USPS offer free postage to the blind, and discounted postage to libraries.
junk mail is the USPS bread and butter
http://www.wkyt.com/wymtnews/headlines/11813356.html (broken link)
Quote:
Originally Posted by nmnita
i wan to rep you but they won't let me.
And you would have reptd someone for posting wrong information yet again.
The USPS hasnt received taxpayer money since the 1980's
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
