- Sep 19, 2011
- 28,409
- 9,987
- 900
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 $12 billion!
LIARS!!!
"The Postal Service receives no tax dollars for operating expenses, and relies on the sale of postage, products and services to fund its operations."
U.S. Postal Service Loss Continues in Third Quarter
I would like them then to explain THIS!!!
Misinformation
(Meanwhile the U.S. Postal Services debt:$ 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!!!