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24 October 2012 0 Comments

Pennsylvania Turnpike Debt Part 1 – Another Government Monopoly Going Bankrupt – Pennsylvania Turnpike Commission

“The Turnpike Commission is now more than $7 billion in debt, this has been a steady rise from $2 billion in 2002 and $4 billion in 2009. This  burden continues to grow, and with the turnpike not required to make payments until 2057 the situation appears dire. “Tolls have more than doubled in the last […]

16 October 2012 0 Comments

USPS Steps Forward – Money Losing Rural Post Office Hours Shortened

One small step forward to prevent another government monopoly from going bankrupt and ultimately hammering The Forgotten Taxpayer in the proces. Postal regulator backs rural post office, junk mail plans The Hill  Bernie Becker – 23 August 2012 “USPS said in June that it would examine whether to reduce hours at roughly 13,000 rural post […]

12 October 2012 0 Comments

IKEA v USPS – Adapting to Change – Profit Motivated v Government Monopoly

WSJ had an  article on how IKEA is using more cost effective computer imaging to print their catalogs rather than traditional, hard copy, photography.  USPS, a government monopoly, IKEA, a private profit, motivated, company continues to raise peoples standard of living by delivering  quality, products at an affordable, price. Profit Motivated, IKEA needs to remember […]

18 September 2012 0 Comments

USPS Slow Rolling to Taxpayer Bailout of Government Sponsored Unionized Monopoly

Yikes, a government monopoly is bankrupt and who will bail it out? The Union Organizers and the USPS Bureaucrats or the House and Senate members who insisted on keeping money losing post offices open for political reasons? No, I think it will be The Forgotten Taxpayer. What do you think?  READ MORE Associated Press 9 […]

14 September 2012 0 Comments

USPS Loses With Homer Simpson Stamp :- (

Yikes USPS loses with Homer Simpson Stamp… a government monopoly bankrupting The Forgotten Taxpayer; how does that happen? The U.S. Postal Service wasted $1.2 million in printing costs by selling less than a one-third of the 1 billion commemorative stamps of The Simpsons, Bloomberg news reports. READ MORE  Doug Powers at   22 August […]

1 August 2012 0 Comments

The Madison Project: USPS Monopoly Going Bankrupt – A Continuing Fiscal Embarrassment

The Madison Project brings us up to date on the USPS At present, it appears that the USPS will not have enough moneyto make the schedule August 1 payment of $5.5 billion into a health-benefits fund for future retirees. As part of the 2006 agreement for USPS to recoup some of the money they had […]

23 July 2012 0 Comments

USPS, A Government Monopoly on Mail Delivery, Can’t Meet Its Legal Payment Obligations: Or USPS is Bankrupt

How Does the Happen? A government business goes bankrupt.   The Postal Service repeated on Wednesday that without congressional action, it will default—a first in its long history, a spokesman said—on a legally required annual $5.5 billion payment, due Aug. 1, into a health-benefits fund for future retirees. Action in Congress isn’t likely, as the […]

19 May 2012 0 Comments

6 November 2012: Tom Smith Pat Toomey – Union USPS Billion Dollar Bailout

The Bailout Of The US Postal Service Begins: Cost To Taxpayers – $110,000 Per Union Vote “Saved Or Gained”    READ MORE 26 April 2012 Tyler Darden The Senate Vote 25 April 2012 62-37  The Union’s Man Sen. Bob “98%” Casey voted “YEA” for bailout and Sen. Pat “The Forgotten Taxpayer’s Friend” Toomey voted for […]

9 May 2012 0 Comments

Issues 2012 Part 1: USPS Union Bailout Bill – Unions Win; The Forgotten Taxpayer Loses…Again

Daniel Horowitz of the Madison Project, succinctly, lays out the problem: “moderate” Republicans too willing to burden The  Forgotten Taxpayer:Today the Senate passed the postal bailout bill, S. 1789, by a 62-37 vote. Democrat Sen. Bob “Sen. 98%” Casey voted “YEA” and The Forgotten Taxpayer’s Friend Sen. Pat Toomey voted “NAY”  The Vote s. 1789 […]

8 May 2012 0 Comments

Tea Party Part 13: USPS Going Bankrupt – Senate Democrats: “Rob Health Care Plan”

The USPS, a government monopoly, has lost $13 billion in last two years with little likelihood  of a return to profitable margins where revenues exceed expenses. The USPS, a government monopoly, is going bankrupt because of changing technology so instead of reducing expenses…. Senate Democrats are proposing to raid the Pension Fund and  USPS Health Care […]