This is How Commiecare will Be Run

Discussion in 'Politics' started by LogikAndReazon, Nov 15, 2012.

  1. LogikAndReazon
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    LogikAndReazon Gold Member

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    The U.S. Postal Service said its net loss last year widened to $15.9 billion, more than the $15 billion it had projected, as mail volume continued to drop, falling 5 percent.

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    U.S. Postal Service on ‘Tightrope’ Loses $15.9 Billion in 2012 Andrew Harrer/Bloomberg
    Mail sits at the U.S. Postal Service processing and distribution center in Merrifield, Virginia.

    Mail sits at the U.S. Postal Service processing and distribution center in Merrifield, Virginia. Photographer: Andrew Harrer/Bloomberg
    Without action by Congress, the service will run out of cash on Oct. 15, 2013, after it makes a required workers compensation payment to the U.S. Labor Department and before revenue typically jumps with holiday-season mailing, Chief Financial Officer Joe Corbett said today.

    The service, whose fiscal year ends Sept. 30, lost $5.1 billion a year earlier. It announced the 2012 net loss at a meeting at its Washington headquarters.

    “We are walking a financial tightrope,” Postmaster General Patrick Donahoe said at the meeting. “Will we ever stop delivering the mail? It will never happen. We are simply too important to the economy and the flow of commerce.”

    U.S. Postal Service on a
     
  2. LogikAndReazon
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    LogikAndReazon Gold Member

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    I bet if postal workers were paid better, and could collectively bargain they could turn the whole losing enterprise around................lol
     

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