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Postal Service reports massive $5 billion loss


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#91 Panthers_Lover

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Posted 29 November 2012 - 02:15 PM

Truth is half the poo that's mailed out every day is the postal version of spam.


Commonly called "junk mail." Been around way before the internet or "spam."

#92 Delhommey

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Posted 29 November 2012 - 02:23 PM

If you think this is bad, y'all should see how much of a loss all of the fire departments of the country are running at!

#93 thefuzz

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Posted 29 November 2012 - 02:31 PM

If you think this is bad, y'all should see how much of a loss all of the fire departments of the country are running at!



Public Safety = Mail Service

Got it.

#94 MadHatter

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Posted 29 November 2012 - 02:32 PM

Bump


They've lost $15B+ this year alone...

http://www.cnbc.com/id/49992517


but don't worry.....they will run the healthcare system much much better.

#95 I Mean He Was Found Guilty

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Posted 29 November 2012 - 02:35 PM

but don't worry.....they will run the healthcare system much much better.


usps is an independent agency and receives extremely sparse taxpayer funding

poor analogy. by the way, "they" are not going to be running the US healthcare system unless you still believe that we're getting single payer and obummer's death panels are going to rip the apple sauce out of grandma's hands and push her wheelchair down the stairs.

#96 MadHatter

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Posted 29 November 2012 - 03:22 PM

usps is an independent agency and receives extremely sparse taxpayer funding

poor analogy. by the way, "they" are not going to be running the US healthcare system unless you still believe that we're getting single payer and obummer's death panels are going to rip the apple sauce out of grandma's hands and push her wheelchair down the stairs.


I truly believe that we will end up with a single payer system the way obamacare was written.

Speak to HR professionals at large corporations. Most of them (the company I work for included) all say that they will drop coverage and pay the fee.

This is exactly what obama intended. he could not get single payer through because that is NOT what people wanted....so they back doored the law through reconciliation before anyone knew what was in it.

#97 pstall

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Posted 29 November 2012 - 03:39 PM

Let people opt IN for types of mail service. Some folks rather not get any mail.
Another example of a group not adapting with technology and increasing legacy costs and a smaller workforce.
An exact microcosim of the US.

#98 natty

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Posted 29 November 2012 - 03:53 PM

Well I don't think the technology is mature enough. Sure there's an e-version of everything but that doesn't mean it's reliable. This whole internet thing is still very much in it's infancy.

#99 Delhommey

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Posted 29 November 2012 - 11:07 PM

I find it amusing and ironic that the most "Return to the Constitution" posters on here are the most anti-Post Office.

#100 FurdTurgason

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Posted 29 November 2012 - 11:22 PM

Bring back the pony express. These damn gas-guzzling mail trucks slow down traffic anyway.

#101 Kevin Greene

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Posted 29 November 2012 - 11:47 PM

Compensation
In addition to highly competitive basic pay rates, most Postal Service employees also receive regular salary increases, overtime pay, night shift differential, and Sunday premium pay. Overtime is paid at one and one-half times the applicable hourly rate for work in excess of 8 hours per day, or 40 hours within a workweek. Night shift differential is paid at a specified dollar rate for all hours worked between 6pm and 6am. Sunday premium is paid at 25 percent for work scheduled on Sunday.
Health Insurance
The Postal Service participates in the Federal Employees Health Benefits (FEHB) Program, which provides excellent coverage and flexibility with most of the cost paid by the Postal Service. There are many plans available, including both traditional insurance coverage and Health Maintenance Organizations (HMOs). Employee premium contributions are not subject to most taxes, making health insurance even more affordable.
Retirement
The Postal Service participates in the federal retirement program, which provides a defined benefit annuity at normal retirement age as well as disability coverage.
Thrift Savings Plan
Career postal employees may contribute to the Thrift Savings Plan (TSP), which is similar to 401(k) retirement savings plans offered by private sector employers. Employees contribute to TSP on a tax-deferred basis, and may receive automatic and matching contributions (up to 5 percent of pay), after a waiting period, from the Postal Service.
Social Security and Medicare
Newly hired postal employees are covered under Social Security and Medicare.
Life Insurance
The Postal Service offers coverage through the Federal Employees' Group Life Insurance (FEGLI) Program. The cost of basic coverage is fully paid by the Postal Service, with the option to purchase additional coverage through payroll deduction.
Flexible Spending Accounts
Career employees may participate in the Flexible Spending Accounts (FSA) Program after one year of service. Tax-free FSA contributions can be used to cover most out-of-pocket health care and dependent care (day care) expenses.
Leave
The Postal Service offers a generous leave program to career employees that includes annual (vacation) leave and sick leave. For the first 3 years of service, full-time employees earn 13 days of annual leave per year, increasing to 20 days per year after 3 years of service, and to 26 days per year after 15 years of service. In addition, full- time employees earn 13 days of sick leave per year as insurance against loss of income due to illness or accident.
Holidays
The Postal Service observes 10 holidays each year.


Privatize?

After 3 years, 33 days of vacation and sick pay per calendar year. Dont even need to discuss the rest of the bennies for someone capable of walking and putting a piece of paper in a box for a living.
I don't think they'll go for it!

#102 Kevin Greene

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Posted 29 November 2012 - 11:48 PM

Let people opt IN for types of mail service. Some folks rather not get any mail.
Another example of a group not adapting with technology and increasing legacy costs and a smaller workforce.
An exact microcosim of the US.


98% of what I get in the mail I could get in an e-mail.
Of course I can block spam.

#103 Delhommey

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Posted 30 November 2012 - 11:42 AM

Conservatives on the Post Office, an institution founded by the Constitution itself: It's outdated! A relic! A lot's changed between now and then!

Conservatives on the Second Amendment: THE CONSTITUTION IS THE INFALLIBLE WORD OF GOD HIMSELF!!1!!!

#104 pstall

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Posted 30 November 2012 - 02:18 PM

this is simple. does the post office need or not need to be improved/tweaked/re evauluated or at least major changes to be ran better?

#105 Darth Biscuit

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Posted 30 November 2012 - 03:03 PM

Conservatives on the Post Office, an institution founded by the Constitution itself: It's outdated! A relic! A lot's changed between now and then!

Conservatives on the Second Amendment: THE CONSTITUTION IS THE INFALLIBLE WORD OF GOD HIMSELF!!1!!!


This forum would be so much better if guys like Del, who I know have valuable stuff to contribute, would chill with the silly trolling...




Article 1

Section 8

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence
and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

---

To establish Post Offices and post Roads;



That's literally all it says.

Does that mean that Congress should establish it, then let it waste billions upon billions of dollars?

I'm not saying get rid of it... but damn, run it so it doesn't suck money like a leach. It can be done.

Cutting Saturday delivery would be a hell of a good start.


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