USPS 2011 Net Loss $5.1 Billion.

[Bill Cravener]

Where is rags? This is bullshit!

"The Postal Service reported a net loss of $5.1 billion for its 2011 fiscal year and on Tuesday warned that[sic] could run out of cash by September of next year if Congress did not offer relief."

"The losses could add pressure on Congress to pass legislation offering relief to the cash-strapped agency."

Hmm, I wonder were that relief would come from? Not the taxpayers would it?

"The loss reported on Tuesday did not include a $5.5 billion payment to prefund retiree health benefits"

Well shucks, I wouldn't want paper carriers to lose any of their benefits!


http://www.newsdaily.com/stories/tre7ae2t4-us-usa-postal-fiscal

[MichaelW]

Hmm, I wonder were that relief would come from? Not the taxpayers would it?

I don't understand what the problem is with just increasing the price of postage. I want reliable mail service, and could not care less if the price of a first-class stamp is 44 cents, or multi-times that. And while they're at it they need to eliminate bulk-rate postage. Going into the hole delivering massive amounts of spam, that most patrons don't want and have to throw away, at a below-cost rate, is beyond stupid.

[Bill Cravener]

If there's one government run system that's needs privatized it's the US Postal Service. Time to privatize it if for no other reason than to get rid of all the damn junk mail.