DKSuddeth
Senior Member
http://www.washingtonpost.com/wp-dyn/articles/A16137-2004Mar22.html
Postal Service Finances Bleak
Agency Is Counting on Congress to Deliver Major Change
By Christopher Lee
Washington Post Staff Writer
Tuesday, March 23, 2004; Page A17
There is trouble at the post office.
The U.S. Postal Service's financial outlook is bleak and getting bleaker, according to members of Congress, a presidential commission, the General Accounting Office and postal officials themselves. It is bad enough that some federal officials are warning of a huge taxpayer bailout -- or dramatic increases in postal rates -- if Congress does not reorganize the $67 billion-a-year entity soon to help it operate more efficiently.
"[T]he Postal Service as an institution probably cannot survive without fundamental reform," Sen. Susan Collins (R-Maine), chairman of the Senate Governmental Affairs Committee, said at a Capitol Hill hearing this month.
A nine-member presidential commission that spent seven months last year studying the future of the Postal Service sounded a similar alarm. The panel concluded in a 181-page report that the institution is in "significant jeopardy" and may not be able to continue delivering mail to every address six days a week.
Didn't this moron in charge of the postal service publish some sparkling report in the last year about how he was the first one to report a PROFIT in the postal service in the last 15 years or so?
Postal Service Finances Bleak
Agency Is Counting on Congress to Deliver Major Change
By Christopher Lee
Washington Post Staff Writer
Tuesday, March 23, 2004; Page A17
There is trouble at the post office.
The U.S. Postal Service's financial outlook is bleak and getting bleaker, according to members of Congress, a presidential commission, the General Accounting Office and postal officials themselves. It is bad enough that some federal officials are warning of a huge taxpayer bailout -- or dramatic increases in postal rates -- if Congress does not reorganize the $67 billion-a-year entity soon to help it operate more efficiently.
"[T]he Postal Service as an institution probably cannot survive without fundamental reform," Sen. Susan Collins (R-Maine), chairman of the Senate Governmental Affairs Committee, said at a Capitol Hill hearing this month.
A nine-member presidential commission that spent seven months last year studying the future of the Postal Service sounded a similar alarm. The panel concluded in a 181-page report that the institution is in "significant jeopardy" and may not be able to continue delivering mail to every address six days a week.
Didn't this moron in charge of the postal service publish some sparkling report in the last year about how he was the first one to report a PROFIT in the postal service in the last 15 years or so?
