So they will be indispensable to the country as well as a bargain? Good call Frankie!
Overtaffed, unionized, billions in debt, losing overnight delivery to FedEx...yeah
In 2006, Congress passed The Postal Accountability Enhancement Act. In essence, it requires the Postal Service to fund the benefits of its retirees for the next 75 years; this must be accomplished in the next 10 year time frame.
On Sept. 30 of each year the Postal Service must contribute $5.5 billion to its pension fund. There is no other government agency, private organization, or corporation that is required to do this.
The United State Postal Service is a self-sustaining government agency supported by stamps; it takes no taxpayer money to run this agency.
The second largest employer in the country is the Postal Service; all citizens are protected from strikes, and the union is bound by binding arbitration. When you think of the post office going under, remember those cards you send on special days for 44 cents will not be available; of course, the greeting card industry will be not be happy (less demand means less work) for that industry; pay attention to your commercials on TV, QVC, Home Shopping Network and remember that catch phrase “Free Shipping and Handling” it will be gone for good. Again, bad for the economy, bad for the consumer.
Postal Service is not bankrupt, and it is not funded with tax money - phillyburbs.com: Guest Opinions