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U.S. Postal Service (USPS) is Bankrupt Losing $8.5 Billion & Obama is Trying to Bail It Out
Recorded on September 10 2011 The USPS is close to defaulting and going bankrupt losing at least $8.5 Billion this year and projected losses of $9 ...
1,044 views
mochronicle said:
Tea Party folk disregaurd the biggest part of this problem, $21 billion paid into 2006 congress mandated prefunding of benefits 75 years in advance to be paid in a 10 year period. The Post Office has done pretty good so far, overpaying over $70 billion to the gov't. USPS biggest obstacle in refor...
PJTV: Trifecta Goes Postal Over Mail Inefficiencies
The U.S. Constitution has provisions relating to the delivery of mail, but the US Postal Service says that it is going bankrupt, and needs Congress...
866 views
mochronicle said:
The media never mentions that Congress mandates Saturday deliver, mandates the USPS to deliver to all residents, Mandates the USPS to not make a profit, Mandates prefunding for 75 years worth of benefits ($5.5 billion per year), and the overpayments of $50 billion dollars that the Post Office was...
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