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 […]

22 November 2011 0 Comments

USPS Pension/Retiree Health Benefits Part 2: Two Perspectives

The issue of Pension Overfunding and Retiree Health Benefits Funding is a key issue in reforming the USPS and Union Democrat Bruce Seaman presents a fair and balanced analysis, in my opinion, and makes some valid points. Rep. Issa presents a different perspective on this issue. These issues have to be resolved to confront the […]

19 November 2011 0 Comments

USPS: New Thinking about Efficient Universal Delivery

1)    The New Face of the Post Office CNN September 12, 2012 On track to experience a $9 billion dollar operating deficit for fiscal year ending September 30, 2011 and unlikely to pay $5.5 billion in a heath care benefits fund for future retirees, the USPS is innovating as it must if it to survive […]