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Postal Service reports massive $5 billion loss


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#1 Darth Biscuit

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Posted 15 November 2011 - 04:17 PM

This is so screwed up... and a symptom of exactly what's wrong with this country...

$5 billion... BILLION! That's ONE YEAR.

http://money.cnn.com...x.htm?hpt=hp_t3


NEW YORK (CNNMoney) -- The U.S. Postal Service reported an annual loss of $5.1 billion on Tuesday, as declining mail volumes and mounting benefit costs take their toll on the agency.
The Postal Service said in a statement that its losses would have been roughly $10.6 billion if Congress had not passed legislation postponing a $5.5 billion payment required to fund the agency's retiree health benefits.



What is the solution?

#2 Porn Shop Clerk

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Posted 15 November 2011 - 04:19 PM

taxes on christmas trees!

#3 Inimicus

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Posted 15 November 2011 - 04:28 PM

This is so screwed up... and a symptom of exactly what's wrong with this country...

$5 billion... BILLION! That's ONE YEAR.

http://money.cnn.com...x.htm?hpt=hp_t3





What is the solution?

3 day delivery. Mon, Wed, Fri.

Charge more, not less for bulk mail.

#4 Darth Biscuit

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Posted 15 November 2011 - 04:32 PM

Yeah, getting rid of it would hurt business in the US... but they gotta do something.

#5 stirs

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Posted 15 November 2011 - 04:38 PM

outsource

everything the gov does is grossly inefficient and expensive

#6 venom

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Posted 15 November 2011 - 05:48 PM

This is so screwed up... and a symptom of exactly what's wrong with this country...

$5 billion... BILLION! That's ONE YEAR.

http://money.cnn.com...x.htm?hpt=hp_t3

What is the solution?


The solution is no more federally run post offices/mailing services. Its that simple.

#7 Floppin

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Posted 15 November 2011 - 05:54 PM

$5.5 billion payment required to fund the agency's retiree health benefits


Privatized health care is awesome!!!!!

#8 Inimicus

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Posted 15 November 2011 - 06:34 PM

The solution is no more federally run post offices/mailing services. Its that simple.


Ack! Didn't mean to pie but whatever...

I thought about just doing away with it but I there would be too many people who wouldn't pay for postal services and then what do power companies and landlords do about getting bills to those people?

#9 Floppin

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Posted 15 November 2011 - 06:36 PM

Ack! Didn't mean to pie but whatever...

I thought about just doing away with it but I there would be too many people who wouldn't pay for postal services and then what do power companies and landlords do about getting bills to those people?


Where is this free postal service of which you speak?

#10 cookinwithgas

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Posted 15 November 2011 - 09:07 PM

I think the internet really killed the postal service. I have always thought that they have done a good job as far as my service has gone, but I actively do whatever I can to reduce the amount of mail I get because it's a pain to maintain.

#11 Kevin Greene

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Posted 15 November 2011 - 09:24 PM

The Milkman went the way of the Dodo.
Time for 6 day a week mail carriers to do the same.

#12 pantherfan49

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Posted 15 November 2011 - 09:42 PM

The post office is a special circumstance of government services because they are required to service all areas for largely the same price. That's not good for business to set up a post office in bum fug nowhere. For that reason, I do tend to give the post office a pass.

#13 Razzy

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Posted 15 November 2011 - 09:45 PM

Want to save the postal service? Privatize it and expand into other countries. Look at what the Germans have done. Their postal system was on the verge of chaos as well, but now is doing better than ever thanks to some crafty business planning. Did you know that if you ship something FedEx/UPS air, there's a good chance it was delivered on a Lufthansa plane? Go figure.

#14 SCP

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Posted 15 November 2011 - 10:58 PM

The post master general needs to gather all the postal workers around a huge movie screen and show them that Costner movie The Postman. They will either be inspired or go on a rampage. I did the later after watching that crapfest.

#15 CarolinaKid704

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Posted 16 November 2011 - 12:28 AM

Want to save the postal service? Privatize it and expand into other countries. Look at what the Germans have done. Their postal system was on the verge of chaos as well, but now is doing better than ever thanks to some crafty business planning. Did you know that if you ship something FedEx/UPS air, there's a good chance it was delivered on a Lufthansa plane? Go figure.


More info or links please.


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