http://www.foxnews.com/politics/2012/05/08/it-all-your-money-us-postal-service-bailout/
The USPS is losing up to $25 million dollars a day. Until now, taxpayers have not been on the hook for its mounting losses, but that could be about to change. A bailout recently approved by the Senate would appropriate $34 billion in federal money.
Congress shares much of the blame. For years, the Postal Service begged Washington for the freedom to cut its own budget by closing post offices and cutting employees. But Congress, under pressure from rural constituents and labor unions, prevented the cuts, and the service continued to bleed red ink. When there is a service failure the Union is involved.
Government failure to operate a service that should be a profitable business adventure in the private sector is a perfect example of Federal Government and Politian’s incompetency to provide good business strategy and successful cost effect services to the American public. Remind yourself this is the same government that wants to run America Healthcare and they can’t deliver the mail now.
Bail-out USPS no way….. Cut should be made and a business plan is provide to make the USPS a profitable operation …
Belly35
Elderly Intellectual
9,716
posts
Belly35
Elderly Intellectual
9,716
posts
Tue, May 8, 2012 7:40 AM
May 8, 2012 7:40 AM
May 8, 2012 7:40am