USPS announces new clothing line (swallow drink b4 reading)

Article 1 Section 8 of the US Constitution states, in part...

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To establish Post Offices and post Roads;

So one of the damn few constitutional things Congress could do and they can't even do that.

I'm On Fire wrote: Everything is online now.

I wouldn't say that..... my cousin and my uncle both get their mail delivered here. You wouldn't believe how much mail there is that is catalogs and advertisements. If you stopped mail delivery I'm sure that many, many small businesses would be in a world of hurt. A huge number of businesses can not afford radio or TV ads, but, they can mail a flyer, generate some business, and do it at a reasonable cost.

carlherrnstein wrote:I would think it would be better if they worked on improving there delivery time.

That's a double edged sword. It's tough to improve service while spending less money. This last Fall the USPS marked a local post office hub for closer to save money. If they had closed it, in state letters that now take one or two days would have gone to 3 or 4 days. There was an uproar that actually made it to congress. They decided to not close that hub....along with 200 other similar in other places.

Richard S. wrote:

beemerboy wrote:Except, the USPS DOES NOT receive free money from the government. All operating money comes from postage sales, not tax money.
http://articles.chicagotribune.com/2011-09-19/news/chi-110919turney_briefs_1_postal-jobs-postal-service-health-benefits

Right now they are 15 billion in debt to the US treasury plus another 10 billion in pension obligations they did not meet this last year. Who is it you think is going to be on the hook for that debt and the pensions if they can't pay it?

The USPS was DEBT FREE in early 2006....
and it is an independent organization that belongs to the EXECUTIVE BRANCH...NO wonder it is in debt now.....
According to George Washington....it was to provide "free or affordable delivery of information"...
maybe the Post Office should be in charge of the internet



...but the Federal Reserve is not govrnment owned.
And the USPS has been barred from borrowing any more from tbe treasury-theyre capped at 15 billion...less than 1/10 of a % of the national debt...which is mostly to the Fed Reserve...again...NOT government owned

Without the USPS, how would I find out that I'm eligible to win the publishers clearing house multi-million dollar sweepstakes three or four times a week????

Down the Florida some of the mail guys wear pith helmets, now that would be cool....... I know, I know, I can buy one though Amazon cheaper, I am just trying to rescue their multi billion dollar pension boondoggle. It's all part of the mental attitude from the tax eaters. They all think they are cool, essential and we can't live without them. So in their tiny minds they think it would be fashionable and cool to look like a mailman and what is scary is that they are serious.

Rigar wrote:The USPS was DEBT FREE in early 2006....

Rigar this last year they had more than a 2 billion operational loss, that has nothing to do with the pension payments. As I posted previously considering the trouble all these pension are causing don't you think it's prudent they are funded? The revenue for the post office is going to continue to decline no matter what they do even if they go into the black, that means less money in the future to meet those pension obligations as they continue to balloon.

...but the Federal Reserve is not govrnment owned.
And the USPS has been barred from borrowing any more from tbe treasury-theyre capped at 15 billion...less than 1/10 of a % of the national debt...which is mostly to the Fed Reserve...again...NOT government owned

It's the US Treasury they are borrowing from and the bottom line is the US taxpayer will be on the hook for those debts or the pensions if the PO can't fund them.

... and we will be on the hook for the $85Bn monthly that the private company called the Federal Reserve is printing in our names to loan to .....

http://theintelhub.com/2012/09/02/audit ... -bailouts/

The PO is penny ante stuff

the United States Post Office has existed for over 200 years... essentially debt free.
they went into the red 7 years ago.... coincidence?

pre funding pension payments ( and lifetime health insurance for retirees) is part of the bottom line and shows on a balance sheet
I think they are poorly managed...
they can however be self sustaining... maybe they should raise their postage rates to be more competitive( they have to fight for a 2 percent increase)
maybe they should streamline their operations( they are going to stop Saturday deliveries)
Maybe they need to revisit their pension and retirement programs ( let's face it the programs are fat... you can earn more retired then when you are working???)

... the bottom line is it could be self sustaining if allowed to be and managed more like a business.
the government bailed out the auto industry and the banks (anybody got those figures?)
as far as where the money comes from and who is on the hook for it... it's tit for tat.
The US Treasury doesn't have any money... so they borrow from the Federal Reserve(a private entity)
... this country and our economy is running on borrowed money! Our money is running on borrowed time

Richard S. wrote:It's the US Treasury they are borrowing from and the bottom line is the US taxpayer will be on the hook for those debts or the pensions if the PO can't fund them.

Where'd the Treasury get the money?

I don't think even the Treasury knows the answer to that ....