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Started By
Message
USPS has gone from ZERO debt to 15 billion in 7 short years
Posted on 10/17/12 at 12:08 pm
Posted on 10/17/12 at 12:08 pm
LINK
double
How shitty has these operation been run??
quote:
The U.S. Postal Service is, by law, an "independent establishment" of the executive branch. The agency doesn't normally use tax dollars for operations, except for its loan from Treasury. In 2005, the Postal Service had no debt, officials said.
quote:
Competing Senate and House bills would allow the agency to access an overfunded retirement plan that has an extra $11 billion ready to be used.
double
How shitty has these operation been run??
8
Posted on 10/17/12 at 12:10 pm to barry
read this earlier. it's absolutely pathetic. 
Posted on 10/17/12 at 12:18 pm to barry
They are going to have to ditch some delivery days. They may have to go to 3-4 delivery days per week.
Posted on 10/17/12 at 12:20 pm to barry
from what i remember, congress passed a law that said USPS had to pre-fund all of their retirement accounts. Which is why they have the 11 billion or whatever it is available.
Posted on 10/17/12 at 12:40 pm to barry
Yes but Gubburment interference in Health Care will be different. 
Posted on 10/17/12 at 12:49 pm to MoreOrLes
Who actually needs mail everyday? if it's that important send it fed ex, they could probably get by with two days a week delivery. I only check my box about once a week and have mailed maybe 3 things in the last 6 months.
Posted on 10/17/12 at 1:35 pm to paddys pub
quote:
from what i remember, congress passed a law that said USPS had to pre-fund all of their retirement accounts. Which is why they have the 11 billion or whatever it is available.
This.
They are bad, but not nearly as bad as the media is making them out to be.
I def. believe there needs to be a drop to 5 or maybe even 4 day a week delivery.
Posted on 10/17/12 at 1:49 pm to notiger1997
quote:
They are bad, but not nearly as bad as the media is making them out to be.
I have a friend who is a mailman. If I didn't have a college degree and couldn't work in the oilfield, that's what I would do.
They get paid WAYYYYY too much.
Posted on 10/17/12 at 2:42 pm to barry
Emails took a monster sized shite on the postal service.
Posted on 10/17/12 at 3:07 pm to TheIndulger
Agreed between paying bills online and email we have seen the steady decline of the USPS.
Posted on 10/17/12 at 3:52 pm to barry
quote:
How shitty has these operation been run??
They are not allowed to get more efficient.
They are beholden to congress for every damn little thing. If they were allowed to close a ton of tiny post offices and reduce delivery frequency in rural areas, they could do MUCH better.
Dont blame the guys running it, blame your duly elected representatives.
Posted on 10/17/12 at 5:18 pm to TheHiddenFlask
quote:
They get paid WAYYYYY too much.
I just googled it, if the range I saw is correct, then damn.
Posted on 10/17/12 at 5:22 pm to OceanMan
Yea, it's in the 50-65 range here in bham. That is crazy. Add in their benefits and what not. Damn!
Posted on 10/18/12 at 1:48 pm to barry
From Wikipedia:
"Since the 2006 all-time peak mail volume,[5] after which Congress passed the "Postal Accountability and Enhancement Act",[6] (which mandated $5.5 billion per year to be paid into an account to pre-fund retiree health-care, 75 years into the future"
What other company or government agency would ever pre-fund health care for employees 75 years into the future?
The problem isn't the postal service, the problem is congress.
"Since the 2006 all-time peak mail volume,[5] after which Congress passed the "Postal Accountability and Enhancement Act",[6] (which mandated $5.5 billion per year to be paid into an account to pre-fund retiree health-care, 75 years into the future"
What other company or government agency would ever pre-fund health care for employees 75 years into the future?
The problem isn't the postal service, the problem is congress.
Posted on 10/18/12 at 2:58 pm to barry
Too bad we don't have a board for political topics.
Posted on 10/18/12 at 10:06 pm to TigerRad
quote:
They are not allowed to get more efficient. They are beholden to congress for every damn little thing. If they were allowed to close a ton of tiny post offices and reduce delivery frequency in rural areas, they could do MUCH better. Dont blame the guys running it, blame your duly elected representatives.
Don't forget the political pressure to keep the cost of a stamp artificially low. If private companies were allowed to deliver to mailboxes, I guarantee you they'd charge more than 46 cents for a first class letter.
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