you just got through saying they generate their own money,which they do......and if they have payed back that money that they borrowed,what problem is there?...they are owned by the Federal Govt are they not?.....should the "owners" not maintain it?....if you owned a business would you use money you have to maintain it?.....they bailed out GM and other businesses,with tax dollars, that they dont own,yet dont seem to want to help a business that they actually own....
That was from a link I posted, I personally said no such thing.
If they were in fact generating their on money who and why do they need to be bailed out year after year?
The Post Office took a soon to be depleted, $15 billion line of credit from the U.S. Treasury in the early 1990's, and has been drawing on it ever since.
This from 2012:
The US Postal Service is so mired in debt that nothing can save it from going bust but the Senate is trying to dump a $33.7 billion bailout in its lap anyway.
Postmaster General Patrick Donahoe did something brave last year: He tried to bring USPS into the age of instant electronic communcations by closing down 3,700 barely used rural post offices, ending Saturday mail delivery and shedding tens of thousands of obsolete jobs.
The goal was to rescue the Postal Service from the crushing burden of employee pensions and benefits that will leave it with $14.1 billion in losses this year alone.
First, he needed congressional approval.
Quoth the Congress: Hahahahahaha.
Instead of cutting spending, the Senate voted to keep Saturday service alive for at least two years and spend another $34 billion over the next decade to prop up USPS including $11 billion in cash in 2012.
Donahoe had no way around it, so he announced a deal Wednesday to shorten hours at the post offices that hed prefer to close. Which will hardly save a dime.
Even if the plan is approved by the House as well, the Senate cop-out will only be fully in effect by September 2014 and would then save about $500 million a year.
Sound like a lot of money? USPS loses $25 million a day so the Senates savings will only cover 20 days of red ink.
Congress either has to get Americans to buy 31 billion extra stamps every year not gonna happen or face the fact that the traditional Postal Service is obsolete.
Source: NYPost