US Postal Service

[kyfanatic]

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

[kyfanatic]

For some reason everytime I try to reply with a quote the reply box keeps scrolling away where I can't type or add links,USPS handles and delivers more mail than Fed Ex,UPS,and allthe others combined to your home at a cheaper price. I think mr geo hater better check facts before blathering garbage he has no idea about.
I've decided Geo your ego is bigger than your head which is probably saying something.

[GeoFisher]

For some reason everytime I try to reply with a quote the reply box keeps scrolling away where I can't type or add links,USPS handles and delivers more mail than Fed Ex,UPS,and allthe others combined to your home at a cheaper price. I think mr geo hater better check facts before blathering garbage he has no idea about.
I've decided Geo your ego is bigger than your head which is probably saying something.

Easy there cowboy.

Yea, I DID read my own link and then I read through the link you posted.

SHOW me please.........where the gubment redirected funds from the USPS to somewhere else.

I did see in MY LINK where it is a hell of a lot worse than I actually thought. By 2016 they will be 20 BILLION in the hole, with 5.5 billion of that being the unfunded liabilities of Health Care and Pensions.

AND you should expect the USPS to pay for their UNFUNDED liabilities.

AND for your information.......they gubment gave them 11 billion dollars in April to stay solvent, so the are NOT self sustaining, and for the first time in the history of the USPS they had to take tax dollars.

AND without saying anything personally about you...I've managed to answer all your comments.

I'm still waiting for you to point out specifically.....SPECIFICALLY where the gubment has taken or redirected monies from the USPS......

Later,

Geo