WillowTree
Diamond Member
- Sep 15, 2008
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The U.S. Postal Service is often the butt of jokes, but there's nothing funny about the agency's bottom line.
The USPS is losing up to $25 million dollars a day. Until now, taxpayers have not been on the hook for its mounting losses, but that could be about to change. A bailout recently approved by the Senate would appropriate $34 billion in federal money.
TAXPAYER CALCULATOR: Postal Service overhaul
"If the post office was a business, it would be in bankruptcy," said Rep. Dennis Ross, R-Fla. "It's insolvent.
Read more: It's All Your Money: Taxpayers may be on hook for US Postal Service losses | Fox News
They just need to get out of business and let a private enterprize do what they cannot seem to do.
The USPS is losing up to $25 million dollars a day. Until now, taxpayers have not been on the hook for its mounting losses, but that could be about to change. A bailout recently approved by the Senate would appropriate $34 billion in federal money.
TAXPAYER CALCULATOR: Postal Service overhaul
"If the post office was a business, it would be in bankruptcy," said Rep. Dennis Ross, R-Fla. "It's insolvent.
Read more: It's All Your Money: Taxpayers may be on hook for US Postal Service losses | Fox News
They just need to get out of business and let a private enterprize do what they cannot seem to do.