USPost office...F...king liars! USPO financed by Federal Financing Bank!

Discussion in 'Current Events' started by healthmyths, Dec 6, 2011.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    The USPOST is telling people..

    "The Postal Service receives no tax dollars for operating expenses, and relies on the sale of postage, products and services to fund its operations."
    U.S. Postal Service Loss Continues in Third Quarter


    I would like them then to explain THIS!!!

    Misinformation

    (Meanwhile the U.S. Postal Services debt:$ 12 billion to the guess who??

    Federal Financing Bank (FFB), a government-owned corporation under the general supervision of the Secretary of the Treasury, provide the Postal Service revolving credit lines of $4 billion!
    http://www.usps.com/financials/anrpt10/ar2010_finance_4_029.htm

    The Federal Financing Bank (FFB) is a government corporation, created by Congress in 1973 under the general supervision of the Secretary of the Treasury. The FFB was established to centralize and reduce the cost of federal borrowing, as well as federally-assisted borrowing from the public. The FFB was also established to deal with federal budget management issues which occurred when off-budget financing flooded the government securities market with offers of a variety of government-backed securities that were competing with Treasury securities. Today the FFB has statutory authority to purchase any obligation issued, sold, or guaranteed by a federal agency to ensure that fully guaranteed obligations are financed efficiently.
    Federal Financing Bank


    SO the Treasury is financed BY TAX REVENUES.
    TAX REVENUES finance FFB!
    FFB loans USPO $12 billion!

    LIARS!!!
     
  2. uscitizen
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    uscitizen Senior Member

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    Umm borrowed money.

    Many ouel like to see the Postal service privatized so their pension fund can be raided.
     
  3. Truthmatters
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    Truthmatters BANNED

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    Are you aware the founding fathers wrote a PO into the constitution and were willing to pay for it?
     
    Last edited: Dec 6, 2011
  4. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    The Post Office is mandated by the Constitution. Like the navy.
     
  5. WillowTree
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    WillowTree Diamond Member

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    They're not mandated to be unionized. If Federal dollars are involved they should definitely not be unionized. If they are unionized the Federal government needs to cut them off. period.
     
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  6. healthmyths
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    healthmyths Gold Member Supporting Member

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    And why not simply raise first class postage to 83 cents and problem solved!
    Total mail volume First-Class in 2010 was 78.2 billion pieces,
    39 cents increase would raise $30 billion!
    More then enough to cover ALL budget shortfall!
     
  7. healthmyths
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    healthmyths Gold Member Supporting Member

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    Misinformation
     
  8. Truthmatters
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    Truthmatters BANNED

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    Why do the right wing want to KILL the Post Office?
     
  9. LordBrownTrout
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    LordBrownTrout Gold Member

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    Raise their stamp price, problem solved. I rarely use the postal service but they could increase their prices. They're pretty low.
     
  10. WillowTree
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    WillowTree Diamond Member

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    why do ewe lie so much, that is the question.
     

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