Quote Originally Posted by GeoFisher View Post
There are no links, because it is NOT TRUE.

The USPS is in trouble because they **** and managing business, cannot compete with FedEx and UPS, and have horrible unfunded liabilities like health care and pensions.

The biggest reason the USPS cannot pay back the 5 billion is because back in 2006, the FED gubment told the USPS they must prepay 80% of their unfunded liabilities. This is to ensure that all those benefits for USPS workers can be paid in 20 - 30 years. Without those changes the USPS was on track to be bailed out. Hell, they still may need a bailout.

They cannot compete, and they actually SUED FedEx a few years ago because they were delivering "first class" mail more effectively and efficiently than the USPS.....yea, if you cannot beat your competition, SUE THEM.

Gotta love it.

Later,



Geo



You don't even know 3what your talking about,I'll show you were they take revenue out of the USPS,but did you even read your own link? No,because the payment they are blathering about defaulting on is 5.5Billion in a fund for FUTURE retirees,now how many companies pay into a fund years ahead of time other than current contributions?
The USPS is self supporting always has been,doesn't get squat from tax dollars,the junk mail you complain about creates revenue for the postal service,where else can you send a letter to anywhere for.45 cents?

http://about.usps.com/who-we-are/pos...ts/welcome.htm