Post office close to default

[Jenna]

As the U.S. Postal Service begins shuttering offices across the country to stem their ever-growing $9.2 billion deficit, the entire agency now faces default and could shut down next summer, USPS spokesman Dave Partenheimer told ABCNews.com today.

"Right now we think we can make it through until next summer most likely but then some hard choices will have to be made," he said. "That's why it's such an urgent crisis."

USPS owes $5.5 billion to fund future retirees' health benefits, and next year it may not have money to pay its 560,000 employees. Partenheimer said that by Sept. 30, the end of the USPS fiscal year, the agency will have reached its borrowing limit of $15 billion.

More here: Postal Office Nears Default, May Close Next Year - ABC News

[pgg]

Nice to see that our government can be efficent at something.

[jcsdscott]

What do you expect when it's much easier to use means other than USPS to ship anything, anywhere?

[Odd]

The Post Office has become an honorary Kardashian. Let's review :

Wastes our time at every opportunity
Loses money at an amazing rate
Rain, snow, sleet, night can't stop attention whoring
Variety of stamps - on tramps and envelopes
Increasingly difficult to justify their existence

Then they get hopes up that they're going away...just to demand more money and attention.
The only thing lacking is a sex tape.