Author Topic: The Post Office is doing great!  (Read 16451 times)

Dos Equis

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Re: The Post Office is doing great!
« Reply #75 on: October 22, 2013, 09:58:14 AM »
Post Office $5.6 Billion Default Raises Urgency of Reforms
Tuesday, 22 Oct 2013
By Jennifer G. Hickey

With Congress and the media focused on the government shutdown and how to avoid default on the national debt, little attention was directed toward the U.S. Postal Service which earlier this month defaulted on a required $5.6 billion payment for the healthcare of its future retirees.

The third default on the down-payment in just over a year underscores the necessity of much-needed reforms for the beleaguered Postal Service.

Rep. Darryl Issa of California told Newsmax that without "the freedom to realign its infrastructure and operations in line with the changing way Americans use mail, the agency will remain insolvent."

"Prolonged insolvency of USPS will result in a massive taxpayer bailout and ongoing subsidy, or a sudden disruption in mail service, or both," the California Republican said.

Just days before the default, USPS Board of Governors Chairman Mickey Barnett announced an increase in the price of stamps beginning in 2014, which he said was the result of USPS' "precarious financial condition" and the "uncertain path toward enactment of postal reform legislation."

It is not a new message from the USPS leadership. Postmaster General Patrick Donahoe has been vocal about the need for Congress to implement legislative reforms, including elimination of the annual prefunding payments, and its need for greater autonomy to manage its healthcare system.

Appearing before the Senate, Donahoe said the Postal Service was "in the midst of a financial disaster" due to the burden of an "outdated and inflexible business model."

Absent any flexibility to govern its own affairs, the Postal Service – which expects to end fiscal year 2013 with a loss of about $6 billion – has warned lawmakers it anticipates a government bailout of $50 billion will be needed in 2017.

Action on postal reforms looks unlikely this year, and "even the small reforms being proposed by Congress will only buy them a year or two," says James Gattuso of the Heritage Foundation.

Gattuso tells Newsmax that attributing USPS's losses to the recession or faulty accounting are merely ignoring the real problem, which is that the market for traditional mail is diminishing.

In an October research report, Gattuso notes that first-class mail volume has already plummeted 30 percent since 2007, and it may drop another 40 percent over the next seven years.

In addition to a decline in standard mail as a result of increased email communications, more Americans are paying bills online.

A Household Diary Study found that bill payments by mail have declined almost 16 percent in the past two years, while a 2012 study by the consulting firm Fiserv reports that 75 percent of Americans pay at least one monthly bill electronically.

The USPS has "to bite the bullet and make serious changes that include closing post offices that do not cover their costs or even make a profit. They also need to be open to considering partnerships with local businesses, such as CVS, so people would still have access to postal services, but not necessarily at a dedicated post office building," says Robert D. Atkinson of the Information Technology and Innovation Foundation.

Atkinson suggests the USPS should immediately move to a five-day or three-day delivery schedule and to identify underutilized post offices and postal sorting facilities for closure.

In a June report examining whether the postal service could survive in a digital age, Atkinson pointed to the fact that more than 21 percent of FedEx deliveries are dropped off by a USPS postal carrier. This burden sharing is known as "last mile" delivery, in which a private sector company, such as FedEx, will manage the sorting and transportation of packages, but the final mile delivery is done by USPS.

Rather than proposing full privatization of the USPS, Atkinson suggests opening service up to competition and for the USPS to focus on its core competencies, such as package delivery.

"They deserve credit for making some budget cuts and for being upfront about their fiscal condition. One of the problems is that they have been hamstrung by a lack of congressional approval for reforms," Atkinson tells Newsmax.

In the House, Issa introduced legislation similar to a measure he sponsored in the previous Congress that would begin to phase out Saturday delivery of mail, while maintaining Saturday delivery of packages, which is one of the few areas of growth.

The bill would allow the Postal Service to forgo past due payments owed to prefund retiree healthcare benefits, would eliminate the ability of national and state political committees to use the non-profit mail rate, and permit the USPS to sell advertising space on vehicles and facilities. The bill also would allow state and local services, such as the sale of fishing licenses, at postal facilities.

Legislative action in this session is unlikely considering the other issues Congress has on its agenda, but Issa spokesman Ali Ahmad says "with the notable exception of labor unions, all key stakeholders are in contact and working on a solution to save the Postal Service and prevent a massive taxpayer-funded bailout."

"The unions carry a lot of political weight because they are one of the largest unions and they are out there making a lot of noise, whereas the taxpayers are largely unaware of the situation or the need for reform," says Gattuso, who adds that labor opposition is "somewhat ironic as no one is talking about forced layoffs or drastic renegotiations of union contracts."

"The status quo is not sustainable. While some argue that the USPS's losses are due to faulty accounting or a temporary downturn in the economy, that claim is wishful thinking. The market for traditional mail has been shrinking rapidly," Gattuso tells Newsmax.

Unions have criticized the reform efforts, contending that the bills do not do enough to ease the burden of prefunding retirees' health benefits.

Neither Gattuso, nor Atkinson, see the USPS becoming extinct anytime soon. However, they say that, like newspapers and the publishing industry, a failure to adapt to an irrefutable trend toward digital and online communications will only exacerbate USPS's poor financial condition.

A Senate bill, co-sponsored by Delaware Democrat Tom Carper and Oklahoma Republican Tom Coburn, has moved closer toward the House measure, but even USPS' Donahoe has argued that committee's draft bill doesn't go far enough in granting the Postal Service greater control over its healthcare costs.

The Postal Service has proposed launching its own postal-specific healthcare plan – either within the broader Federal Employees Health Benefit Program or by negotiating directly with insurers.


http://www.newsmax.com/Newsfront/post-office-5-billion-default/2013/10/22/id/532408#ixzz2iTG0PDJK

Straw Man

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Re: The Post Office is doing great!
« Reply #76 on: October 22, 2013, 10:12:01 AM »
why doesn't Congress just fix the problem that they created


Soul Crusher

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Re: The Post Office is doing great!
« Reply #77 on: October 22, 2013, 10:22:50 AM »
My local delivery guy is a Jamaican waste of life who sucks!   We make endless complaints about this chooming Obama brother and it only gets worse. 

Straw Man

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Re: The Post Office is doing great!
« Reply #78 on: October 22, 2013, 10:30:57 AM »
My local delivery guy is a Jamaican waste of life who sucks!   We make endless complaints about this chooming Obama brother and it only gets worse. 

I can definitely believe the part about you making endless complaints

Isn't that your primary avocation while on this planet

dario73

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Re: The Post Office is doing great!
« Reply #79 on: October 22, 2013, 01:11:17 PM »
why doesn't Congress just fix the problem that they created



You are looking at the future of obamacrapcare.

Social Security and the post office are canaries in the coal mine, but libtards refuse to pay attention.

Straw Man

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Re: The Post Office is doing great!
« Reply #80 on: October 22, 2013, 01:16:34 PM »
You are looking at the future of obamacrapcare.

Social Security and the post office are canaries in the coal mine, but libtards refuse to pay attention.

hardly

Congress created the problem with the Post Office

please tell me what other Federal Agency or even private company is mandated to be "revenue neutral" and is also mandated in 2006 (thanks Congress) to pre-fund the retiree health benefits for its workers 75 years in advance, to the tune of about $5.5 billion per year.

AndreaRyc

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Re: The Post Office is doing great!
« Reply #81 on: October 22, 2013, 02:50:29 PM »
Don't worry, the cutnpaste queens will shoot down your factual argumentation with a picture of Obama as the Joker.  That's funny.


This cattle that you debate thinks gov. is the problem....Even if the programs work, help millions of people avoid pain and misery and provide the masses with a better standard of living.   WELL THAT CAN'T STAND!

These assholes read a book by some other delusional guy like Hayek or Freidman or Paul or Rand.  So they KNOW BETTER.  Why that mutt Soul Crusher will be along with another picture or article to prove this point.  hahahahahahahahaha.

Dos Equis

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Re: The Post Office is doing great!
« Reply #82 on: May 13, 2014, 01:14:32 PM »
Postal service had $1.9 billion quarterly loss
​By PAULINE JELINEK of Associated Press

WASHINGTON (AP) — The Postal Service says it lost $1.9 billion over the first three months of this year and is pleading again for Congress to pass reforms to its financial system.

The agency said Friday that the loss for the quarter ended March 31 matched the $1.9 billion in red ink in the same period last year. And it came despite a 2.3 percent rise in its operating revenue and continued cost-cutting efforts.

Postal officials have been asking for comprehensive legislation that includes a different delivery schedule, greater control over its personnel and benefit costs and more flexibility in pricing and products.

Though various legislative proposals have been advanced, Congress has been unable to pass a bill with the requested changes.

http://news.msn.com/us/postal-service-had-dollar19-billion-quarterly-loss

RRKore

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Re: The Post Office is doing great!
« Reply #83 on: May 13, 2014, 08:41:07 PM »
My local delivery guy is a Jamaican waste of life who sucks!   We make endless complaints about this chooming Obama brother and it only gets worse. 

This pleases me more than it should.

Dos Equis

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Re: The Post Office is doing great!
« Reply #84 on: May 22, 2014, 11:10:06 AM »
House committee approves bill that would end door-to-door mail for 15 million people
Published May 22, 2014
Associated Press
 
A House committee has approved a proposal that would end door-to-door mail delivery for millions of Americans in favor of communal or curbside boxes.

The House Oversight and Government Reform Committee approved the measure on an 18-13 party-line vote Wednesday. The bill would direct the U.S. Postal Service to convert 15 million addresses over the next decade to the less costly, but also less convenient delivery method.

Democrats objected to the plan, and efforts in recent years to win its adoption have failed.

"I think it's a lousy idea," Rep. Stephen Lynch, D-Mass., told the Associated Press. Other lawmakers said it wouldn't work in urban areas where there's no place on city streets to put banks of "cluster boxes" with separate compartments for each address. People with disabilities who have difficulty leaving their homes could get waivers, and people who still want delivery to their door could pay extra for it — something Lynch derided as "a delivery tax."

The committee's chairman, Rep. Darrell Issa, R-Calif., acknowledged that the measure is far from the comprehensive overhaul most officials agree is needed to solve the postal service's financial problems, but said it "provides an interim opportunity to achieve some significant cost savings."

Converting to communal or curbside delivery would save $2 billion annually, Issa said, quoting from estimates that door delivery costs $380 annually per address compared with $240 for curbside and $170 for centralized methods. He said less than 1 percent of all addresses nationwide would undergo a delivery change annually and that communal boxes offer a safe, locked location for packages, doing away with the need for carriers to leave packages on porches, making them subject to theft and bad weather.

The Postal Service reported a $1.9 billion loss for the first three months this year despite continued cost-cutting, a 2.3 percent rise in operating revenue and increased employee productivity. Package business has risen but the service continues to struggle with inflationary cost increases and a continued decline in first-class mailing as people move to the Internet for letter writing and bill paying.

Postal officials have asked repeatedly for comprehensive legislation giving them more control over personnel and benefit costs and more flexibility in pricing and products. Though various legislative proposals have been advanced, Congress has not been able to agree on a bill with broad changes.

"Lawmakers should fix what they broke, not break what's working," National Association of Letter Carriers President Fredric Rolando said, referring to a 2006 law that requires the Postal Service to prefund its retiree health benefits. Meeting that requirement accounts for the bulk of the postal service's red ink. He said the Oversight Committee's bill is "irresponsible ... bad for the American public, bad for businesses, bad for the economy and bad for the U.S. Postal Service."

The Postal Service has been moving to more centralized delivery for some new addresses but hasn't done much to convert existing addresses, Issa said.

http://www.foxnews.com/politics/2014/05/22/house-committee-approves-bill-that-would-end-door-to-door-mail-for-15-million/

Dos Equis

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Re: The Post Office is doing great!
« Reply #85 on: September 22, 2015, 12:59:48 PM »
U.S. Postal Service Has Not Earned a Profit in Almost a Decade
The government-owned enterprise has lost $51.7 billion since 2007
BY:  Ali Meyer   
September 22, 2015

The United States Postal Service has lost $51.7 billion between 2007 and 2014 and has not earned a profit since 2006, according to a report from the Tax Foundation.

“There is no turnaround in sight,” states the report. “The Postal Service will almost certainly register another multibillion dollar loss in 2015; for the first two quarters of 2015, it suffered a net loss of $2.8 billion.”

In addition, the report finds that USPS has failed to make legally required payments to the U.S. Treasury and will default on its statutory obligations, which include the Postal Service Retiree Health Benefit Fund.

“Although the Postal Service has not yet received an explicit taxpayer bailout, it has failed to meet its legal obligations for several years in a row,” the report states. “The odds that a bailout will eventually become unavoidable increase as the sea of red ink continues rising.”

The Government Accountability Office (GAO) estimates that the Postal Service’s unfunded liabilities grew 62 percent from 2007 to 2013. The Tax Foundation says it is doubtful that the Postal Service will be able to meet its obligations.

The report says that if the enterprise had more operational flexibility, its losses would not be as large.

“While the Service does have greater operational discretion than many federal agencies, it has much less than a typical private-sector business because Congress often micromanages its actions,” the report says.

While Gallup found in 2014 that 72 percent of their respondents said USPS is doing a good job and only 8 percent regard its performance as poor, the report finds that there have been issues with service.

In 2014, delivery-time targets fell short seven out of eight times and in 2015, on-time delivery from January to March fell to 63.1 percent, down from 84.1 percent in the same quarter last year.

http://freebeacon.com/issues/u-s-postal-service-has-not-earned-a-profit-in-almost-a-decade/

Straw Man

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Re: The Post Office is doing great!
« Reply #86 on: September 22, 2015, 01:58:09 PM »
U.S. Postal Service Has Not Earned a Profit in Almost a Decade
The government-owned enterprise has lost $51.7 billion since 2007
BY:  Ali Meyer   
September 22, 2015

The United States Postal Service has lost $51.7 billion between 2007 and 2014 and has not earned a profit since 2006, according to a report from the Tax Foundation.

“There is no turnaround in sight,” states the report. “The Postal Service will almost certainly register another multibillion dollar loss in 2015; for the first two quarters of 2015, it suffered a net loss of $2.8 billion.”

In addition, the report finds that USPS has failed to make legally required payments to the U.S. Treasury and will default on its statutory obligations, which include the Postal Service Retiree Health Benefit Fund.

“Although the Postal Service has not yet received an explicit taxpayer bailout, it has failed to meet its legal obligations for several years in a row,” the report states. “The odds that a bailout will eventually become unavoidable increase as the sea of red ink continues rising.”

The Government Accountability Office (GAO) estimates that the Postal Service’s unfunded liabilities grew 62 percent from 2007 to 2013. The Tax Foundation says it is doubtful that the Postal Service will be able to meet its obligations.

The report says that if the enterprise had more operational flexibility, its losses would not be as large.

“While the Service does have greater operational discretion than many federal agencies, it has much less than a typical private-sector business because Congress often micromanages its actions,” the report says.

While Gallup found in 2014 that 72 percent of their respondents said USPS is doing a good job and only 8 percent regard its performance as poor, the report finds that there have been issues with service.

In 2014, delivery-time targets fell short seven out of eight times and in 2015, on-time delivery from January to March fell to 63.1 percent, down from 84.1 percent in the same quarter last year.

http://freebeacon.com/issues/u-s-postal-service-has-not-earned-a-profit-in-almost-a-decade/

2006 you say?

hmmm, I wonder what happened to cause that?


andreisdaman

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Re: The Post Office is doing great!
« Reply #87 on: September 23, 2015, 09:30:36 AM »
I think its really idiotic to REQUIRE the post office to post a profit...its a public service....however I also don't believe that mail needs to be delivered every single day in this day and age...maybe they should deliver the mail four times a week...Monday through Thursday...or.....Mon, Tues, Thurs, Fri....they could cut more workers, speed up service so that mail moves quicker, I don't think closing so many post offices is the answer..since it is true that rural areas and the suburbs still need postal access...

The problem I believe is the Republican hostility toward government services...my son is a mail carrier and he's getting ready to quit...the job is a tough one and the benefits don't come until much much later on...when you first start you are basically a flunky who gets pushed around by guys who have been there forever.....which is why guys go postal......and the reason those guys are there forever is because you have to have 30 years on the job to retire and get your pension....they should make it 25 years so people will leave.....or 20 years at a reduced pension

avxo

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Re: The Post Office is doing great!
« Reply #88 on: September 23, 2015, 05:11:02 PM »
I think its really idiotic to REQUIRE the post office to post a profit...its a public service....however I also don't believe that mail needs to be delivered every single day in this day and age...maybe they should deliver the mail four times a week...Monday through Thursday...or.....Mon, Tues, Thurs, Fri....they could cut more workers, speed up service so that mail moves quicker, I don't think closing so many post offices is the answer..since it is true that rural areas and the suburbs still need postal access...

The problem I believe is the Republican hostility toward government services...my son is a mail carrier and he's getting ready to quit...the job is a tough one and the benefits don't come until much much later on...when you first start you are basically a flunky who gets pushed around by guys who have been there forever.....which is why guys go postal......and the reason those guys are there forever is because you have to have 30 years on the job to retire and get your pension....they should make it 25 years so people will leave.....or 20 years at a reduced pension

The problem with the post office is that it actively refuses to implement useful and innovative services; they even refuse to allow third parties to do so, even if such third parties could reduce the operating cost for USPS itself. Case in point: Outbox.

As far as I'm concerned, the USPS should be operated as a business. And like any business, if it can't sustain itself, it should adopt or die.

The True Adonis

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Re: The Post Office is doing great!
« Reply #89 on: September 23, 2015, 05:44:20 PM »
The problem with the post office is that it actively refuses to implement useful and innovative services; they even refuse to allow third parties to do so, even if such third parties could reduce the operating cost for USPS itself. Case in point: Outbox.

As far as I'm concerned, the USPS should be operated as a business. And like any business, if it can't sustain itself, it should adopt or die.
It is operated as a business, moron.  And it does post a profit every year.  The reason why it reads differently is that they have to pay out a pre-funded retirement 75 years in advance, thanks to George Bush's Congress.

UPS already contracts with USPS.  Also, the USPS is 0 percent of the federal budget and operates entirely on its own.  Not a dime of taxpayer money funds the USPS.

Hope this helps, all morons included.

The True Adonis

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Re: The Post Office is doing great!
« Reply #90 on: September 23, 2015, 05:48:51 PM »
I think its really idiotic to REQUIRE the post office to post a profit...its a public service....however I also don't believe that mail needs to be delivered every single day in this day and age...maybe they should deliver the mail four times a week...Monday through Thursday...or.....Mon, Tues, Thurs, Fri....they could cut more workers, speed up service so that mail moves quicker, I don't think closing so many post offices is the answer..since it is true that rural areas and the suburbs still need postal access...

The problem I believe is the Republican hostility toward government services...my son is a mail carrier and he's getting ready to quit...the job is a tough one and the benefits don't come until much much later on...when you first start you are basically a flunky who gets pushed around by guys who have been there forever.....which is why guys go postal......and the reason those guys are there forever is because you have to have 30 years on the job to retire and get your pension....they should make it 25 years so people will leave.....or 20 years at a reduced pension
Your son would tell you differently.  If he were to deliver at four days a week, the job would be impossible to do.  That is a ridiculous amount of mail volume to handle in just four days.  Besides, most offices are already increasing an extra day, 7 days a week, due to Amazon Sunday.

I could not think of anything more idiotic than limiting mail service to less than 6 days a week. It simply can't be done with the volume of mail and online ordered packages and nor should it be done.  Why would you want less service? 

The True Adonis

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Re: The Post Office is doing great!
« Reply #91 on: September 23, 2015, 05:49:51 PM »
I think its really idiotic to REQUIRE the post office to post a profit...its a public service....however I also don't believe that mail needs to be delivered every single day in this day and age...maybe they should deliver the mail four times a week...Monday through Thursday...or.....Mon, Tues, Thurs, Fri....they could cut more workers, speed up service so that mail moves quicker, I don't think closing so many post offices is the answer..since it is true that rural areas and the suburbs still need postal access...

The problem I believe is the Republican hostility toward government services...my son is a mail carrier and he's getting ready to quit...the job is a tough one and the benefits don't come until much much later on...when you first start you are basically a flunky who gets pushed around by guys who have been there forever.....which is why guys go postal......and the reason those guys are there forever is because you have to have 30 years on the job to retire and get your pension....they should make it 25 years so people will leave.....or 20 years at a reduced pension
If anything they need MORE workers, not less.

andreisdaman

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Re: The Post Office is doing great!
« Reply #92 on: September 23, 2015, 06:08:12 PM »
Your son would tell you differently.  If he were to deliver at four days a week, the job would be impossible to do.  That is a ridiculous amount of mail volume to handle in just four days.  Besides, most offices are already increasing an extra day, 7 days a week, due to Amazon Sunday.

I could not think of anything more idiotic than limiting mail service to less than 6 days a week. It simply can't be done with the volume of mail and online ordered packages and nor should it be done.  Why would you want less service? 

Even though you are being an ass, you make a valid point...didn't think of it that way..thanks

AbrahamG

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Re: The Post Office is doing great!
« Reply #93 on: September 23, 2015, 09:09:58 PM »
It is operated as a business, moron.  And it does post a profit every year.  The reason why it reads differently is that they have to pay out a pre-funded retirement 75 years in advance, thanks to George Bush's Congress.

UPS already contracts with USPS.  Also, the USPS is 0 percent of the federal budget and operates entirely on its own.  Not a dime of taxpayer money funds the USPS.

Hope this helps, all morons included.

Truth, the whole truth and nothing but the truth.  Well said TA.  Imagine if the USPS didn't exist.  Imagine how fucking expensive it would be to mail or ship anything if all we had was fedex and ups.  The USPS keeps them honest.  Or at least somewhat honest.  Not to mention how much shittier it would be to work for a private shipping/mailing company.  Color me pro-post office.

avxo

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Re: The Post Office is doing great!
« Reply #94 on: September 23, 2015, 09:34:58 PM »
It is operated as a business, moron.  And it does post a profit every year.  The reason why it reads differently is that they have to pay out a pre-funded retirement 75 years in advance, thanks to George Bush's Congress.

Perhaps you ought to read my post again. I never suggested that they don't turn a profit. You ought to comprehend what you read before you respond moron.


UPS already contracts with USPS.

Good for them. This goes to my point... how exactly? Is it supposed to signal innovation? Are we supposed to believe that the USPS acting as as a UPS subcontractor is innovative?


Also, the USPS is 0 percent of the federal budget and operates entirely on its own.

I never suggested otherwise, so your point is moot.


Not a dime of taxpayer money funds the USPS.

I never suggested that it did, so your point is moot.


Hope this helps, all morons included.

What with it coming from the King of Morons, I'm sure it will.

andreisdaman

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Re: The Post Office is doing great!
« Reply #95 on: September 24, 2015, 07:07:00 AM »
I think the post office does a decent job....if the post office ran like a business it would definitely have to raise prices and seriously I really think service would go down....UPS and FedEx aren't what they claim to be....stuff often arrives broken, and delivery for nexty day is hit or miss...plus there drivers would not be able to handle the mail..right now they simply drop off a package and are on their way to their next destination...easy to do...instead of actually having to put mail into the box of all residents in a given area...

Also the congress adds to the inefficiency of the UPS due to mandates and also not wanting any cuts in their districts

The True Adonis

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Re: The Post Office is doing great!
« Reply #96 on: September 24, 2015, 05:44:50 PM »
I think the post office does a decent job....if the post office ran like a business it would definitely have to raise prices and seriously I really think service would go down....UPS and FedEx aren't what they claim to be....stuff often arrives broken, and delivery for nexty day is hit or miss...plus there drivers would not be able to handle the mail..right now they simply drop off a package and are on their way to their next destination...easy to do...instead of actually having to put mail into the box of all residents in a given area...

Also the congress adds to the inefficiency of the UPS due to mandates and also not wanting any cuts in their districts
It is run like a business.  Ask your son.

The next step for the post office should/may be to offer the public banking services and basic financial services and small loans with no fees and at super low interest rates, lower than the private sector.  In Japan for instance, the Postal Service operates as a full bank to its citizens and it operates extremely well and fair. 

Las Vegas

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Re: The Post Office is doing great!
« Reply #97 on: September 26, 2015, 02:08:14 PM »
It is run like a business.  Ask your son.

The next step for the post office should/may be to offer the public banking services and basic financial services and small loans with no fees and at super low interest rates, lower than the private sector.  In Japan for instance, the Postal Service operates as a full bank to its citizens and it operates extremely well and fair. 

That does sound interesting, now that you mention it.

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Re: The Post Office is doing great!
« Reply #98 on: September 26, 2015, 02:57:56 PM »
It is operated as a business, moron.  And it does post a profit every year.  The reason why it reads differently is that they have to pay out a pre-funded retirement 75 years in advance, thanks to George Bush's Congress.

UPS already contracts with USPS.  Also, the USPS is 0 percent of the federal budget and operates entirely on its own.  Not a dime of taxpayer money funds the USPS.

Hope this helps, all morons included.

Bush left office in 2009....Democrats controlled the Congress from 2007-2011 and they had the Presidency and COMPLETE control of government from 2009-2011.  They didn't make an effort to address the situation with the post office pension requirements..so far as I know it was never even on their radar.   Seems like it's the democrats fault to me...

I live right next to Bedford Twp, MI.  It's composed of three villages that have a total population of 30,000 people.  The twp covers roughly 40 square miles of flat acreage with good roads laid out in a nice grid....you can literally drive from one end to the other in less than 10 minutes.  It has one post office in each village.   If the rest of the nation has a set up like that, the post office seriously needs to reevaluate it's staffing.

And having the Post office jump onto the banking industry is possibly the dumbest idea I've ever heard.  The level of thievery and corruption within he postal service is high enough...we don't need to add more fuel to that fire.  I'm not even going to address the general incompetence and apathy of the employees...that speaks for itself.

The True Adonis

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Re: The Post Office is doing great!
« Reply #99 on: September 26, 2015, 03:10:53 PM »
Bush left office in 2009....Democrats controlled the Congress from 2007-2011 and they had the Presidency and COMPLETE control of government from 2009-2011.  They didn't make an effort to address the situation with the post office pension requirements..so far as I know it was never even on their radar.   Seems like it's the democrats fault to me...

I live right next to Bedford Twp, MI.  It's composed of three villages that have a total population of 30,000 people.  The twp covers roughly 40 square miles of flat acreage with good roads laid out in a nice grid....you can literally drive from one end to the other in less than 10 minutes.  It has one post office in each village.   If the rest of the nation has a set up like that, the post office seriously needs to reevaluate it's staffing.

And having the Post office jump onto the banking industry is possibly the dumbest idea I've ever heard.  The level of thievery and corruption within he postal service is high enough...we don't need to add more fuel to that fire.  I'm not even going to address the general incompetence and apathy of the employees...that speaks for itself.
Here you go genius.
http://business.time.com/2013/02/07/how-healthcare-expenses-cost-us-saturday-postal-delivery/
Since 2006, the Post Office has been legally required to pre-fund health benefits for future retirees at a cost of around $5.5 billion a year.

When Congress imposed those mandates in 2006, the Post Office was doing just fine.  Congress decided that the Post Office was healthy enough to lock in health benefits for future retirees — for the next 75 years, mind you, something no other public or private agency does.

109th United States Congress
From Wikipedia, the free encyclopedia
109th United States Congress
108th ←    → 110th
Dennis Hastert 2.jpg
House Speaker Dennis Hastert (2006)
Duration: January 3, 2005 – January 3, 2007
Senate President:    Dick Cheney (R)
Senate Pres. pro tem:    Ted Stevens (R)
House Speaker:    Dennis Hastert (R)
Members:    100 Senators
435 Representatives
5 Non-voting members
Senate Majority:    Republican Party
House Majority:    Republican Party
Sessions
1st: January 4, 2005 – December 22, 2005
2nd: January 3, 2006 – December 8, 2006

The One Hundred Ninth United States Congress was the legislative branch of the United States, composed of the United States Senate and the United States House of Representatives, from January 3, 2005 to January 3, 2007, during the fifth and sixth years of George W. Bush's presidency. House members were elected in the 2004 elections on November 4, 2004. Senators were elected in three classes in the 2000 elections on November 7, 2000, 2002 elections on November 5, 2002, or 2004 elections on November 4, 2004. The apportionment of seats in the House of Representatives was based on the Twenty-second Census of the United States in 2000. Both chambers had a Republican majority, the same party as President Bush.




Hope this helps.  (Probably won't)