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

healthmyths

Platinum Member
Sep 19, 2011
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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!!!
 
Umm borrowed money.

Many ouel like to see the Postal service privatized so their pension fund can be raided.
 
Are you aware the founding fathers wrote a PO into the constitution and were willing to pay for it?
 
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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.
 
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!
 
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!

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

The Federal Financing Bank had a net INCOME of $206,769,000 in 2011.

http://www.treasury.gov/ffb/financial-statements/29747WDC_FedFinancBank_FS_Final.pdf
 
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

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!!!

Wanna show your source where you got the information to the bolded paragraph? Or, are we just suppose to take your word for it?

Also, one of your links does not link up, wanna fix that for us?
 
Why do the right wing want to KILL the Post Office?

Here is a good example of your lying. Should I bookmark it for the 1500 times a day you ask people to prove you lie? No one in this thread has called for the closing of the post office. As opposed to the left, the right just wants to do the right thing and operate in the black instead of the red. We don't believe that their is some neverending teat we can all suck on for free.
 
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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!!!

The Federal Financing Bank had a net INCOME of $206,769,000 in 2011.

http://www.treasury.gov/ffb/financial-statements/29747WDC_FedFinancBank_FS_Final.pdf

Page 5 of the above report..
Effective in fiscal year 2010, the Bank executed a new agreement with the Secretary of the Treasury to borrow funds used for certain guaranteed loans that require the guaranteeing federal agencies to comply with the Federal Credit Reform Act (FCRA) (2U.S.C. 661(d)(3)).

On page 5 continued..
USPS is able to borrow up to $3,400 million with a maximum term of up to one year. In addition, USPS can borrow up to $600 million on an overnight basis. The USPS is also limited by statute to net annual debt increases of
$3 billion with a total borrowing authority of $15 billion.

So if I READ THAT correctly.. FFB borrowed money from the Treasury to fund the post office!
The Treasury gets money from tax revenue!
 
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!!!

The Federal Financing Bank had a net INCOME of $206,769,000 in 2011.

http://www.treasury.gov/ffb/financial-statements/29747WDC_FedFinancBank_FS_Final.pdf

Page 5 of the above report..
Effective in fiscal year 2010, the Bank executed a new agreement with the Secretary of the Treasury to borrow funds used for certain guaranteed loans that require the guaranteeing federal agencies to comply with the Federal Credit Reform Act (FCRA) (2U.S.C. 661(d)(3)).

On page 5 continued..
USPS is able to borrow up to $3,400 million with a maximum term of up to one year. In addition, USPS can borrow up to $600 million on an overnight basis. The USPS is also limited by statute to net annual debt increases of
$3 billion with a total borrowing authority of $15 billion.

So if I READ THAT correctly.. FFB borrowed money from the Treasury to fund the post office!
The Treasury gets money from tax revenue!

Unless you have evidence that the Post Office has defaulted on any of the financing it gets from the FFB,

then the taxpayers are making money through the FFB's relationship with the USPS, not losing money.
 
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!!!

the PO has a line of credit with the Treasury Dept.....and they have paid back everything( as far as i was told) until Bush and Congress mandated them to shell out 5 Billion a year 4-5 years ago.....and when business's start hurting,so does the PO......this mandated payment is a big part of their financial condition....in the 90's the PO was choking on the Money they were making.....and they have done all this with some pretty shitty managers......:eusa_shhh:
 

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