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Thread: U.S. Postal Service to end Saturday mail delivery in cost-cutting move

  1. #61
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    Re: U.S. Postal Service to end Saturday mail delivery in cost-cutting move

    Quote Originally Posted by clownboy View Post
    Yeah, but that crap mail you get pays a different rate that makes up (a little) for the low personal mail rate. Even so, the PS is the dinosaur thrashing at the end of it's life. A whole lot of us still need it, but less and less every year.
    Less and less for sure. But whatever it evolves into, there will still need to be a guaranteed system in place.
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    Re: U.S. Postal Service to end Saturday mail delivery in cost-cutting move

    Quote Originally Posted by MaggieD View Post
    The crap mail pays less, not more.
    Not in effect. They pay less per piece but there is a minimum number of pieces to get the rate. Ends up being a money maker for the PS, where the residential mail is a money pit.

  3. #63
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    Re: U.S. Postal Service to end Saturday mail delivery in cost-cutting move

    1) The postal service was forced to prefund pension obligations 75 years in advance. That is absolute nonsense and no other entity in existence is required to meet that ridiculous requirement.
    2) The postal service is still used for official communication. When the court sends you a summons, it needs to get to its intended recipient. That requires some kind of infrastructure that is guaranteed to be available to every citizen. Currently, neither the internet nor private package delivery services can meet that standard and thus the UPS is needed until that changes.

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    Re: U.S. Postal Service to end Saturday mail delivery in cost-cutting move

    Quote Originally Posted by rathi View Post
    1) The postal service was forced to prefund pension obligations 75 years in advance. That is absolute nonsense and no other entity in existence is required to meet that ridiculous requirement.
    2) The postal service is still used for official communication. When the court sends you a summons, it needs to get to its intended recipient. That requires some kind of infrastructure that is guaranteed to be available to every citizen. Currently, neither the internet nor private package delivery services can meet that standard and thus the UPS is needed until that changes.
    Not to mention classified documents up to and including Secret can and is sent via registered mail.
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  5. #65
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    Re: U.S. Postal Service to end Saturday mail delivery in cost-cutting move

    So, good news, no more mail from the IRS? Kill the PS now in that case.

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    Re: U.S. Postal Service to end Saturday mail delivery in cost-cutting move

    Quote Originally Posted by American View Post
    Anyone want to take a stab at why the US Post Service continues to fail?
    Yeah, I'll take a stab at it
    The $20 billion in postal losses you've heard about stems from a 2006 congressional mandate that the Postal Service pre-fund future retiree health benefits for the next 75 years and do so within a decade - a burden no other public agency or private firm faces. The Postal Service is actually paying, out of its operating budget, for the future retiree benefits of people who haven't been born yet. That cost - $21 billion since 2007 - accounts for 100 percent of the agency's red ink over that period.

    NOw would you care to deny that this is a fact? If so - provide us with other information.


    here's more
    The U.S. Postal Service | Need to Know | PBS

    Operationally speaking, the USPS nets profits every year. The financial problem it faces now comes from a 2006 Congressional mandate that requires the agency to “pre-pay” into a fund that covers health care costs for future retired employees. Under the mandate, the USPS is required to make an annual $5.5 billion payment over ten years, through 2016.
    yet more
    How Congress is killing the Post Office | Felix Salmon

    There’s still room for the Postal Service to reorient itself and become a successful 21st-century utility — but there’s no way that’s going to happen if it’s constantly on the back foot and if Congress prevents it from entering new businesses, possibly including banking.

    To put it another way: the Post Office is broken, in large part thanks to unhelpful meddling by Congress. And it won’t get fixed unless and until Congress gets out of the way and stops forcing it into the corporate equivalent of ketosis, essentially consuming its own flesh in order to survive.
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    Re: U.S. Postal Service to end Saturday mail delivery in cost-cutting move

    The may actually be good stewardship. An example of one of the few times Congress has seen the writing on the wall and done something about it BEFORE it implodes. The PS has been in a hole and dying for decades now, long before 2006. When it finally does give up the ghost the feds (us) won't be stuck with an unfunded liability that could last for decades on it's own.

  8. #68
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    Re: U.S. Postal Service to end Saturday mail delivery in cost-cutting move

    Quote Originally Posted by clownboy View Post
    The may actually be good stewardship. An example of one of the few times Congress has seen the writing on the wall and done something about it BEFORE it implodes. The PS has been in a hole and dying for decades now, long before 2006. When it finally does give up the ghost the feds (us) won't be stuck with an unfunded liability that could last for decades on it's own.
    WHAAA? Without this mandate imposed by Congress, the USPS would be operating with a profit and that is accounting for normal industrial practice on funding employee retirement.
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

  9. #69
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    Re: U.S. Postal Service to end Saturday mail delivery in cost-cutting move

    Quote Originally Posted by justabubba View Post
    U.S. Postal Service to end Saturday mail delivery in cost-cutting move | Dallas-Fort Worth Business News - News for Dallas, Texas - The Dallas Morning News - The Dallas Morning News

    effective august:
    this has been the deal in canada since 1969
    don't see it being anything but a positive

    now to eliminate subsidizing junk/bulk mail
    Good riddance. Now If I only get them to stop delivering to me every other day. 99% of my mail is junk. I dont even check it but twice a month now.

  10. #70
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    Re: U.S. Postal Service to end Saturday mail delivery in cost-cutting move

    Quote Originally Posted by clownboy View Post
    The may actually be good stewardship. An example of one of the few times Congress has seen the writing on the wall and done something about it BEFORE it implodes. The PS has been in a hole and dying for decades now, long before 2006. When it finally does give up the ghost the feds (us) won't be stuck with an unfunded liability that could last for decades on it's own.
    The math doesn't add up. Pensions have to funded an absurd 75 years in advance. Earliest retirement is 55, and that is only for people with 30 years of service. Assuming that the average retiree lives to the age of 90, that is only 35 years of pension payments for the youngest people eligible. That leaves an extra 40 years of payments without any purpose.

    The 75 year requirement is utterly without reason and its telling that no other organization on the planet is saddled with it.

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