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The U.S. Postal Service will run out of operational funds by the end of September unless Congress intervenes, Postmaster General Megan Brennan told members of the House Committee on Oversight and Reform in a Thursday video conference.
The Postal Service, which directly employs 650,000 people, is asking for $75 billion in aid from the government, and, according to The New York Times, another $14 billion to pay off debt related to a retirement benefits program ― a whopping $89 billion total.
Maybe they should charge amazon market rate for their package deliveries?
Bailing them out without reform is just giving bezos and Amazon billions in subsidies.
They need to close ALL the post offices in towns that have less than 5,000 people. Also , if your town doesn’t have a gas station and you have to drive to get gas, then you can drive to get your mail too.
I'd give them funding if they agree to 50 cents on the dollar for pension payouts.
I dont think employees who played by the rules for a lot of years should pay the price.
Pension reform moving forward, yes, and drastic operational reform. The post office has a history of making bad decisions. They were deep in the red when they decided to change the logo that had worked for decades a few years back, to the tune of millions. Stupid. It's the post office, the branding is secondary, if important at all.
They need to close ALL the post offices in towns that have less than 5,000 people. Also , if your town doesn’t have a gas station and you have to drive to get gas, then you can drive to get your mail too.
Most towns of less than 5000 and no gas stations is the standard? I hate to tell you this but towns of a thousand or more have plenty of gas stations, stores and restaurants. And in a lot of tiny places the town pretty much IS the gas station.
My former town had 1200 people. It has four gas station/quick marts. It has three eating places that aren't gas stations. Dollar general, grocery store, several other stores. 2 vets and a medical clinic and most importantly, a liquor store and coffee shop.
I think it's time to accept that the USPS is an inherently Governmental entity, and should be funded like one. We have more than enough money in the DOD budget to cover it.
Expand it into banking, like Bernie Sanders suggested. There's probably lots of ways to make money serving the underbanked, while still being far more affordable and less predatory than actual banks.
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