25 September 2011 0 Comments

USPS: Bankruptcy, Bailout – Who Pays and Who Gains?

The USPS is another  government created monopoly that is going bankrupt. Unionized employee benefits from work rules to pensions are paid by users and, it seems, more and  more likely by The Forgotten Taxpayer. How does a government monopoly to deliver mail go bankrupt? And who benefits?  Government Bureaucrats and Unionized Employees and Who Pays? […]

7 September 2011 0 Comments

The New $4 Billion Dollar Civil Right Entitlement: Cell Phones

As the  nearly insolvent US Postal Service becomes more and more irrelevant and bankrupt, what could be more logical than that the Federal Government subsidized ultrabillionaire “private” Big Businesses to provide “free” $ 4 Billion dollar cell phone service to the “underserved” poor. Could it be The Forgotten Taxpayer who pays? Another “Entitlement”; Another $4 […]

8 June 2011 0 Comments

USPS: Trucking Along to Bankruptcy 2 Obamacare Patient Protection and Affordable Care Act

As predictably and reliably as the tide rolls in, as the sun rises in the east, the USPS loses money. The European Social Democratic Welfare State Model (or, the OBAMACARE MODEL- Patient Protection and Affordable Care Act ) has arrived disguised as Benjamin Franklin’s Post Office. The USPS has a QUARTERLY loss of $2.2 Billion, […]

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21 May 2011 0 Comments

USPS Default on Its Debt to Taxpayers and TAXPAYER BAILOUT

The United States Postal Service (USPS) will default on the money it owes to the federal government and could become the  big company, a government sponsored monopoly ) to require a TAXPAYER BAILOUT of a government monopoly, according to members of the House committee in charge of the postal service. Postmaster General Patrick R. Donohue […]

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19 May 2011 0 Comments

Freddie Mac, Fannie Mae and USPS: Government Bankrupting The Forgotten Taxpayer

Freddie Mac, Fannie Mae and USPS are all government operated enterprises and all are bankrupting The Forgotten Taxpayer and Ratepayers. AP Feb 24, 2011  Freddie Mac posts $1.7B loss for Q4 Freddie Mac also posted a $19.8 billion loss for all of 2010. The It estimates the bailouts for Freddie Mac and sibling Fannie Mae […]

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11 May 2011 0 Comments

USPS Trucking Along to Bankruptcy 1

♦As predictably and reliably as the tide rolls in, as the sun rises in the east, the USPS loses money. The European Social Democratic Welfare State Model (OBAMACARE MODEL) has arrived disguised as Benjamin Franklin’s Post Office. The USPS has a QUARTERLY loss of $2.2 Billion, expects to have a cash shortfall, has reached its […]