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Thread: Post office close to default
09-05-11, 02:37 PM #1
Post office close to defaultAs 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.
09-05-11, 06:18 PM #2
Nice to see that our government can be efficent at something.'Political Correctness is a doctrine fostered by a
delusional, illogical liberal minority, and rabidly
promoted by an unscrupulous mainstream media, which
holds forth the proposition that it is entirely
possible to pick up a turd by the clean end!'
“A fear of weapons is a sign of retarded sexual and emotional maturity.” Sigmund Freud
09-05-11, 07:26 PM #3
What do you expect when it's much easier to use means other than USPS to ship anything, anywhere?Romans 8:28-31
"Anima Sana In Corpore Sano"
The opinions, beliefs, and ideas expressed in this post are mine, and mine alone. They are NOT the opinions, beliefs, ideas, or policies of my Agency, Sheriff, County Board, or any member of my department.
09-06-11, 09:07 AM #4
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.
Originally Posted by William Pitt (the Younger), Speech in the House of Commons (18 November, 1783)
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