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Wed Feb 6, 2013, 09:45 PM

Postal service pre funding requirement.

Do you have a mortgage? Let's assume for The discussion a 30 year fixed. You get a letter from the bank, you either pay it off in two years or else? That is a good analogy of what ails the USPS.

Without this requirement, congress imposed in 2006, the USPS would have seen a 1.5 Billion surplus In 2012.I hope this finally explains this. It's not any of the excuses you have heard. This is a manufactured crisis, textbook for the shock doctrine. Daryl Issa as gotten quite a bit of money from Brown, and FedEx donates mostly to republicans.

We have explained this before...I hope this helps connect them dots.

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Arrow 14 replies Author Time Post
Reply Postal service pre funding requirement. (Original post)
nadinbrzezinski Feb 2013 OP
PADemD Feb 2013 #1
nadinbrzezinski Feb 2013 #2
TheProgressive Feb 2013 #3
nadinbrzezinski Feb 2013 #4
TheProgressive Feb 2013 #5
nadinbrzezinski Feb 2013 #7
TheProgressive Feb 2013 #10
nadinbrzezinski Feb 2013 #11
brush Feb 2013 #6
nadinbrzezinski Feb 2013 #8
CurtEastPoint Feb 2013 #9
flamingdem Feb 2013 #12
nadinbrzezinski Feb 2013 #13
AzDar Feb 2013 #14

Response to nadinbrzezinski (Original post)

Wed Feb 6, 2013, 09:49 PM

1. Are there any petitions for Saturday delivery?

Any Congress people working on this?

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Response to PADemD (Reply #1)

Wed Feb 6, 2013, 09:51 PM

2. If Issa could do it, he'd have it closed, done, and privatized

Tomorrow. We all need to call congress critters now and demand they fix this and get rid of the 2006 law.

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Response to nadinbrzezinski (Original post)

Wed Feb 6, 2013, 10:03 PM

3. Where did you get the 1.5 B surplus?

This is from the USPS. I really hope you are correct. Any idea for the discrepancy?




http://about.usps.com/news/national-releases/2012/pr12_131.htm

WASHINGTON — The U.S. Postal Service ended the 2012 fiscal year (Oct. 1, 2011 – Sept. 30, 2012) with a record net loss of $15.9 billion, compared to a net loss of $5.1 billion for the same period last year. The loss included expenses of $11.1 billion related to two payments to prefund retiree health benefits. The Postal Service, which is uniquely required by law to prefund these obligations, was forced to default on these payments.

<...>
The $15.9 billion loss was driven by $13.4 billion in expenses that were outside the control of the Postal Service in the short-term. These expenses include the $11.1 billion retiree health benefits prefunding expenses and the expenses related to the long-term portion of workers’ compensation. When these expenses are deducted the net loss would have been $2.5 billion. The Postal Service has been successful in reducing controllable expenses as mail volume and revenues have declined.

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Response to TheProgressive (Reply #3)

Wed Feb 6, 2013, 10:05 PM

4. The big Eddie show tonight

And have heard this before as well.

You can catch him n the repeat...his info graphic was clear as day.

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Response to nadinbrzezinski (Reply #4)

Wed Feb 6, 2013, 10:11 PM

5. I think he used data prior to close of books 9.30.2012

I did some searches and found the 1.5B but these were figures from early 2012...

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Response to TheProgressive (Reply #5)

Wed Feb 6, 2013, 10:13 PM

7. I have heard this data as late as two weeks ago

Regardless, this is a manufactured crisis, not a real crisis. The GOP wants to destroy the postal unions, and good middle class jobs. That is their game.

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Response to nadinbrzezinski (Reply #7)

Wed Feb 6, 2013, 10:19 PM

10. Agreed. We have to get Congress to change this USPS poison pill.

Stopping Saturday delivery only saves $2B. So when you think about it -
all this does is 'draw the first blood' to destroying the USPS (by cutting services).

These people are disgusting.

I have a special place for the USPS - my dad was a letter carrier.

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Response to TheProgressive (Reply #10)

Wed Feb 6, 2013, 10:20 PM

11. My husband works at the processing plant.

So some of this is first hand.

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Response to nadinbrzezinski (Original post)

Wed Feb 6, 2013, 10:12 PM

6. And once the Post Office is closed . . .

. . . think what it's going to cost to mail a letter. FEDEX and UPS don't even have the capability to deliver mail everyday to every address in the US door-to-door. And if they had to gear up to do it, forget about 46 cent stamps, or whatever it costs now. But in reality, they probably won't even try that. They'll most likely go to centralized pick-up centers (and you think lines in the Post Office are long). Rural residents will probably have to drive for miles to get their mail.

The Post Office is unique in it's ability and those repugs are trying to tear it down. When it's gone we're all gonna think WTF did we just do? It is one of the few government agencies explicitly authorized by the United States Constitution and to have that 75-year-out-retirement-funding albatross around it's neck is killing it.

But once it's done all the repugs would have done their jobs for their corporate masters and they'll keep getting their legal campaign contribution checks, plus probably more untraceable-under-the-table-bucks deposited in Switzerland or Caymen Islands accounts.

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Response to brush (Reply #6)

Wed Feb 6, 2013, 10:15 PM

8. My hope is, it finally wakes up Americans to the stinking fascism.

But in the meantime the service will be kaput

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Response to nadinbrzezinski (Original post)

Wed Feb 6, 2013, 10:17 PM

9. NPR covered the Sat. closing and talked all about USPS problems but OMITTED this MAJOR one

that is killing the USPS.

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Response to CurtEastPoint (Reply #9)

Wed Feb 6, 2013, 10:41 PM

12. That is so telling nt

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Response to CurtEastPoint (Reply #9)

Wed Feb 6, 2013, 10:43 PM

13. Amazing, isn't it?

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Response to nadinbrzezinski (Original post)

Thu Feb 7, 2013, 12:59 AM

14. K & R

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