US Postal Service to default on second $5B payment

Discussion in 'Current Events' started by beretta304, Sep 28, 2012.

  1. beretta304
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    US Postal Service to default on second $5B payment


    The U.S. Postal Service, on the brink of default on a second multibillion-dollar payment it can't afford to pay, is sounding a new cautionary note that having squeezed out all the cost savings within its power, the mail agency's viability now lies almost entirely with Congress.

    In an interview, Postmaster General Patrick Donahoe said the mail agency will be forced to miss the $5.6 billion payment due to the Treasury on Sunday, its second default in as many months. Congress has left Washington until after the November elections, without approving a postal fix.
     
  2. Truthmatters
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    the founders put the post office right in the constitution.

    they were willing to pay for it.
     
  3. Meathead
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    Meathead Gold Member

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    USPS needs to be downsized and privatized. It no longer has much of a practical function.
     
  4. Truthmatters
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    Article One of the United States Constitution - Wikipedia, the free encyclopedia


    Congress's legislative powers are enumerated in Section Eight:


    The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common defence[note 1] and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
    To borrow Money on the credit of the United States;

    To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

    To establish a uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

    To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

    To provide for the Punishment of counterfeiting the Securities and current coin of the United States;

    To establish Post Offices and post Roads;
     
  5. beretta304
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    beretta304 BANNED

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    This week in history: The Post Office and the Constitution | Save the Post Office

    The Post Office and the Constitution

    "The issue went to the heart of a crucial question: Was the post office basically like a business that needed to run efficiently and pay its own way — and maybe even provide some extra revenue for the government — or was it a public service that needed to be responsive to the demands of the people? "
     
  6. Truthmatters
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    all you people want to do is dismantle this country brick by brick and hand all the power to the corporate owners
     
  7. Truthmatters
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    Why did the republicans BURDEN the post office in such a way as to make it nearly impossible for them to sucede?

    because you fucks hate this country and want it dead.
     
  8. Two Thumbs
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    People aren't using the mail like they used to.

    Sucks, but you have to cut your losses.
     
  9. beretta304
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    beretta304 BANNED

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    :lol::lol::lol:

    What a sick fuck. No one is agruing with her (TM) and flames are probably shooting from her ass. :razz:
     
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