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Thread: Postal Service Is Nearing Default as Losses Mount

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    Postal Service Is Nearing Default as Losses Mount

    The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances.

    At the same time, decades of contractual promises made to unionized workers, including no-layoff clauses, are increasing the post office’s costs. Labor represents 80 percent of the agency’s expenses, compared with 53 percent at United Parcel Service and 32 percent at FedEx, its two biggest private competitors. Postal workers also receive more generous health benefits than most other federal employees.
    http://www.nytimes.com/2011/09/05/business/in-internet-age-postal-service-struggles-to-stay-solvent-and-relevant.html?_r=1

    T
    he day of reckoning is at hand for the Post office. This is what happens folks, when Government runs a business.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Postal Service Is Nearing Default as Losses Mount

    Quote Originally Posted by MrVicchio View Post
    The day of reckoning is at hand for the Post office. This is what happens folks, when Government runs a business.
    Actually this is more what happens when government runs a vital service that fails to keep pace technologically and innovate to stay ahead because actually investing money in innovation is now apparently communism.

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    Re: Postal Service Is Nearing Default as Losses Mount

    Quote Originally Posted by Jetboogieman View Post
    Actually this is more what happens when government runs a vital service that fails to keep pace technologically and innovate to stay ahead because actually investing money in innovation is now apparently communism.
    Government can do pretty amazing things:

    Jonas Salk - Wikipedia, the free encyclopedia

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    Re: Postal Service Is Nearing Default as Losses Mount

    Quote Originally Posted by winston53660 View Post
    Government can do pretty amazing things:

    Jonas Salk - Wikipedia, the free encyclopedia
    Government is evil and its sole purpose is to rule your life

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    Re: Postal Service Is Nearing Default as Losses Mount

    Quote Originally Posted by Jetboogieman View Post
    Government is evil and its sole purpose is to rule your life
    must take polio vaccine, must take polio vaccine, must take polio vaccine......

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    Re: Postal Service Is Nearing Default as Losses Mount

    Some relevant questions to scale backs in the Postal office might be if they close rural outlets are they cutting back staff in metros that arent as busy as they used to be? Are they running a trim staff to meet goals, short and long term? Are they trimming administration? Are they recognizing that wages need to be more tightly controlled? Are they in a hiring freeze? Are they in a wage freeze? Are they adjusting medical and retirement benefits?

    Its a changing economical world, not just a changing technological world. I bet USPS could use an overhaul of vast proportions from top to bottom and run both more efficiently and more cheaply. They do perform a vital service. That doesnt mean they cant improve or there are better ways to do what they do.

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    Re: Postal Service Is Nearing Default as Losses Mount

    I had a friend that got payed $20.00 an hour to sort mail into a an array of cubby holes all day at the post office... makes me wonder.

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    Re: Postal Service Is Nearing Default as Losses Mount

    The full service Postal Service has been replaced pretty much by email. When was the last time you wrote a letter?

    Postal deliveries could easily be cut back to three times a week and the staff reduced by 40% to 50%.

    Some people would receive mail on Mon. Wed. & Friday, and the others would receive mail on Tuesday. Thursday, and Sat.

    I mean how many days of the week do want to receive bills and past due notices? lol

    I don't remember the last time I used the Postal Service, because I have direct deposit for my banking and pay all my bills electronically. I haven't written a check in almost 4 years. I do get Bank statements and Ballots by mail but not much else.

    Hell I only check the mail twice a month.

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    Re: Postal Service Is Nearing Default as Losses Mount

    Quote Originally Posted by Councilman View Post
    Postal deliveries could easily be cut back to three times a week and the staff reduced by 40% to 50%.
    Thanks..... Stalin.

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    Re: Postal Service Is Nearing Default as Losses Mount

    Quote Originally Posted by Jetboogieman View Post
    Actually this is more what happens when government runs a vital service that fails to keep pace technologically and innovate to stay ahead because actually investing money in innovation is now apparently communism.
    Who said anything about Communism? You did. Trying to deflect from the underlying problems with the US Postal service, if you read the article, 80% of the US Post office costs are in Man Power. Take a wild guess what the same costs are for UPS and FedEx.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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