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Message
re: America is ‘going broke slowly’ says J.P. Morgan, as national debt balloons
Posted on 10/15/25 at 2:54 pm to W2NOMO
Posted on 10/15/25 at 2:54 pm to W2NOMO
quote:
USPS has 533,000 career employees as of 2024. USPS also has 106,000 non-career employees (i.e. seasonal/temporary) in 2024.
The US Postal Service receives nary a dollar from tax revenue for operations. There is a small amount of tax money that pays for postal service employee health benefits as a result of congress forcing the postal service to lend money to other government agencies which in turn meant the postal service was placed in a position that required them to accept tax dollars to fund about 1/100th of 1% of their employee health benefits. Without the US Postal Service, which is constitutionally mandated, private companies like UPS and FedEx could not function. Neither has the capital or government mandate to establish a system of mail and package delivery ...the costs to do so would be far to great to do so profitably without the ground work having been completed by the postal service without any financial assistance from tax payers. If the postal service was once again allowed to operate banks as was originally mandated the banking industry would be far more accessible to normal Americans and would be more affordable without a single penny coming from tax revenues...but the banking industry could not compete against postal banks so had them eliminated and here we are.
An estimated 70% of federal employees not employed as law enforcement or medical professionals are employed in an oversight roll where their roll is to keep federal contractors from completely robbing the taxpayer and provides the goods and services that they are being paid to provide. While their effectiveness in that roll is debatable....by all accounts there are far too few of them to be extremely effective.. They are also constantly undermined by politicians who are lobbied to allow sub par performance of contractors at inflated prices...to cut the number of people who inspect goods and services, review and administer contracts and go after contractors when they inevitably fail to perform would only up the door even wider for contractors to run amuk....which is the entire point of the movement to eliminate federal workers.
OSHA is a prime example of this. OSHA is constantly used as a scape goat by industry and their workers as the reason things are so expensive in the US. There are 1875 total OSHA inspectors in the US and 11.5 Million workplaces covered by OSHA...and those work places move constantly, many are here today and gone tomorrow or in a few hours. It is a dynamic situation. If OSHA were to inspect every one of those work places it would take those inspectors nearly 3 months if they averaged a work place an hour, without a holiday or a sick day or a vacation day....2080 hours a year. There is no way they can average an inspection an hour, it is not feasibly possible between travel time and accessing work sites and producing a report. In fact if they average one a day for the amount of time they are paid to work they are doing about 3 times what is logistically possible. OSHA is NO threat to anyone. The reason workplaces have gotten safer is INSURANCE and public opinion which has shifted toward it being a bad look to kill a bunch of employees. OSHA is not doing jack shite because they are undermanned, underfunded and reigned in by crooked politicians who have been bought by lobbyists.
If we were serious about holding government contractors responsible when they do indeed pay a fine they should be put out of business and their management team should be on the street panhandling for the rest of the wretched lives. Instead we fine them a piddling amount and then pay them to correct their mistakes and when they do we act as they over performed and reward their corruption...all because of crooked politicians. Y'all are blaming the wrong person...its not the nurse elbow deep in human shite at a VA hospital that is the problem, it is the crooked arse politicians and corrupt arse contractors robbing the taxpayers who foot the bill for that nurse to deal with that shite. But y'all do what you do....government contractors LOVE you for it and they do indeed suffer when they only own 8 vacation homes.....
Posted on 10/15/25 at 3:00 pm to ragincajun03
quote:
America is ‘going broke slowly’
Heard every year since the 80's.
Posted on 10/15/25 at 3:09 pm to AwgustaDawg
quote:so the USPS is subsidizing UPS and FedEx? Who pays USPS retirement benefits?
Without the US Postal Service, which is constitutionally mandated, private companies like UPS and FedEx could not function.
Posted on 10/15/25 at 3:10 pm to ragincajun03
The US national Debt to income ratio in 2024 was around 20%. That would be akin to having $100k in income and owing a total of $20k. I would posit a good many Americans would give their left nut to be in that position considering the average income to debt ration on mortgages alone is somewhere around 300% or 15 times worse than the nation. The amount of wealth compared to debt for even the most financially stable American household is far worse than the same for the United States in general. The reason the debt is a problem is because the majority (about 67%) of it is held by private investors and about 95% of those investors have their money invested in that debt because it is as safe as an investment can be and they can not afford to lose that money....it is a major portion of almost every retirement account in the US. Bankers can't stand the thought of not getting a larger slice of that pie...its a frick ton of money they can only steal a little bit of....so they make out as if it means the nation is bankrupt and idiots but it hook line and sinker and clamor for REFORM LOL. Couple this with the fact that no American I ever met did not demand more bang for their buck while simultaneously looking for a way to avoiding paying any more of their bucks and greed has won....someday the bankers are going to get their hands on those retirement investments with less and less regulation and the American people are going to be shite out of luck because we are to stupid. collectively, to know that bankers make the majority of their money and wealth by preying on the fears and ignorance of folks who ought to know better....
Posted on 10/15/25 at 3:18 pm to W2NOMO
quote:
so the USPS is subsidizing UPS and FedEx? Who pays USPS retirement benefits?
Absolutely. USPS delivers handles about 30% if both carriers deliveries at rates that are FAR below market rates. The USPS also established the delivery industry in the United States and is not supposed to have any competition for their trouble. That horse left the barn long ago. UPS and FedEx model their operations completely from the beginning to this day on the experience of the US postal service and use US postal service property to deliver an additional 60% of the deliveries without any payment at all to the postal service.
The US Postal Service pays its retirement benefits from revenue derived from postal services. Tax payers do not contribute to this. In fact the US postal service retirement fund was mandated by congress to be fully funded which is unheard of and completely unnecessary and detrimental to financial stability....because the movement to shift all postal services to private carriers with a dime of investment on their part is being bought and paid for by the private carrier lobby.
Posted on 10/15/25 at 3:25 pm to AwgustaDawg
quote:you sure?
The US Postal Service pays its retirement benefits from revenue derived from postal services
Posted on 10/15/25 at 3:25 pm to AwgustaDawg
quote:
The US national Debt to income ratio in 2024 was around 20%.
This is objectively false.
Posted on 10/15/25 at 3:26 pm to ragincajun03
Simple solution: cut all entitlements and social security, and refund every dollar plus interest put into Social Security. Problem solved, crisis averted.
Posted on 10/15/25 at 3:26 pm to AwgustaDawg
quote:
US postal service retirement fund was mandated by congress to be fully funded which is unheard of and completely unnecessary and detrimental to financial stability....because the movement to shift all postal services to private carriers with a dime of investment on their part is being bought and paid for by the private carrier lobby.
Yep. It worked on the people it was intended to though because people are still touting those talking points years later.
Posted on 10/15/25 at 5:46 pm to ragincajun03
Time to steal natural resources from Ukraine Canada Greenland wherever else without starting ww3 or maybe it’s inevitable
Posted on 10/15/25 at 5:58 pm to ragincajun03
quote:This issue isn’t how it’s going to pay its bills. The issue is how it’s going to pay its bills.
one of the key longer-term issues is how the U.S. government is going to pay its bills.
Look at the gold chart for the answer.
This post was edited on 10/15/25 at 5:59 pm
Posted on 10/15/25 at 6:05 pm to BugAC
quote:
I love how they wait until Trump is in office to write this article.
He’s a major part of the problem. It’s not just what was done in the previous four years. Things have gotten significantly worse for the American people in the past ten months as well.
Posted on 10/15/25 at 6:18 pm to AUFANATL
quote:If Republicans are the ones always “fighting the good fight,” why would it take a miracle for them to fix anything? Either they’re capable and just choose not to, or they’re so ineffective that only divine intervention can get them to follow through?
And even if by some miracle they (read: fiscally responsible Republicans) actually do put a dent in the problem, the other side (read: liberal Democrats) are just going to open up the debt spigots full blast as soon as they regain power, so it's pointless anyway.
quote:
You can't a game where your team is always playing defense and the other team is always playing offense. Even if you pick up a few points off of safeties, the other side will just keep scoring.
Not only that, but you can’t win a game where your team is always playing defense, blaming the refs, and pretending safeties count as touchdowns. At some point, if every Democratic action immediately dismantles Republican progress, maybe the issue is that their playbook doesn’t actually close the gap when they have the ball?
Posted on 10/15/25 at 6:21 pm to ragincajun03
Brilliant analysis that he could have written in 1 sentence. The problem is known. Nobody wants the solution.
Posted on 10/15/25 at 6:37 pm to AwgustaDawg
quote:
If the postal service was once again allowed to operate banks as was originally mandated the banking industry would be far more accessible to normal Americans and would be more affordable without a single penny coming from tax revenues...but the banking industry could not compete against postal banks so had them eliminated and here we are.
And down the rabbit hole I go.
Posted on 10/15/25 at 6:38 pm to W2NOMO
quote:
So get the illegal immigrants out & cut the fed employment by half. Eliminate the USPS all together.
USPS has 533,000 career employees as of 2024. USPS also has 106,000 non-career employees (i.e. seasonal/temporary) in 2024.
The number of civilian federal employees outside USPS is about 2.35 million (executive branch civilian roles, excluding USPS).
Also, eliminate every single penny of foreign aid, including Israel's, and end all corporate tax breaks. Cut the military down to about half its current size.
Posted on 10/15/25 at 6:39 pm to wadewilson
quote:figs fatties trannys lesbos general first.
Cut the military down to about half its current size.
Posted on 10/15/25 at 6:40 pm to ragincajun03
Government spending jumped $2T during COVID and those bastards in DC can’t even cut half of that out.
This post was edited on 10/15/25 at 6:41 pm
Posted on 10/15/25 at 6:44 pm to jlovel7
quote:
Was just talking with my wife about this. We are only in debt on our house but feels like we are being totally squeezed everywhere
How I feel. I’ve been paying off debt but can’t seem to save money
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