Re: Supreme Court backs Hobby Lobby in contraceptive mandate challenge
Va is awesome care. Vets by a wide margin like their va care. Its yet another example where conservatives blow holes in effective government programs so they can stick to their mantra of how government doesn't work. Just like theyve done to medicare. Just like they've done to the post office. Its history of the GOP repeating itself.
do you really want to use the post office as a federal entity that is working well?
ATLANTA—The U.S. Postal Service cut costs and boosted its revenue for the first time in five years but still ended its fiscal year with a
$5 billion loss and no end in sight to its fiscal woes.
The Post Office saved $1 billion as it consolidated facilities and 20,000 employees took buyouts. That helped it to narrow its operational loss to $1 billion from $2.4 billion.
The agency also boosted revenue by 1.2% to $66 billion in the period ending Sept. 30. The improvement was due mainly to growth in it package-delivery business, which rose 8% to $12.5 billion as postal customers increased their online spending.
In recent years, the Postal Service has teamed up with United Parcel Service UPS +0.08% and FedEx Corp. FDX +0.07% , which will hand off their packages to USPS mailmen to deliver the last mile to homes. That business is expected to continue to grow. "The future of packages—that's seven days a week," said Postmaster General Patrick Donahoe.
Earlier this week, Amazon.com Inc. AMZN +0.16% said that it would tap the Postal Service to deliver orders on Sunday, beginning immediately.
Still, the package business is only about a fifth of total Postal Service revenues. First-class mail revenue fell 2.4% and total mail volume fell nearly 1%, compared to the prior year, even with an uptick in the 2012 election cycle.
The agency is saddled with a congressional mandate that requires it to prefund $5.6 billion annually for health benefits for future retirees. The agency defaulted on the payments for the third time last year, but still has to account for the charge in earnings. It used up its credit line with the U.S. Treasury Department, which means it has no borrowing room.
The agency doesn't receive an annual taxpayer subsidy. It is reimbursed by Congress for services like delivering mail to the blind, and it raises revenue by selling stamps and postal-related products.
Postal Service Records Seventh-Straight Yearly Loss - WSJ
they are inept in so many ways, it isnt funny
not all of that is their fault....a lot of it is because of congress
but efficient? no
well ran? no
just another bloated agency.....another proverbial hole in the boat, we keep floating....just barely
