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Pensacola Discussion Forum » General Discussion » USPS Posts Record $16 Billion Loss for 2012

USPS Posts Record $16 Billion Loss for 2012

+4
Sal
KarlRove
Bluebonnet
ZVUGKTUBM
8 posters

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ZVUGKTUBM

ZVUGKTUBM

http://money.cnn.com/2012/11/15/news/economy/postal-service-record-losses/index.html?hpt=hp_t4

http://www.best-electric-barbecue-grills.com

Bluebonnet



This is the follow-up article titled,

"Six Ways You Can Help Your Post Office"

http://money.cnn.com/gallery/news/economy/2012/08/09/postal-service/index.html

Is this for real? I am now supposed to treat the USPS like a charitable organization? Evil or Very Mad


Guest


Guest

ZVUGKTUBM wrote:http://money.cnn.com/2012/11/15/news/economy/postal-service-record-losses/index.html?hpt=hp_t4

It will be alright when they raise taxes!!!

KarlRove

KarlRove

Much of the PO debt is created as they go because Congress made a law that they have to fund 100 percent of their retirement and health care as they budget each year...to include current workers and retirees. How asinine is that?

Sal

Sal

KarlRove wrote:Much of the PO debt is created as they go because Congress made a law that they have to fund 100 percent of their retirement and health care as they budget each year...to include current workers and retirees. How asinine is that?

Damn, Karl.

Do you work for the USPS, because you are entirely correct?

gulfbeachbandit

gulfbeachbandit

harry ried had a hand in it. He refused to allow regular rates for junk mail. They get a big discount thanks to harry.
harry said that seniors love their junk mail and raising the rates would bother seniors.
His gay cowboy poet society probably gets a mailing discount too.

Sal

Sal

salinski wrote:harry ried had a hand in it. He refused to allow regular rates for junk mail. They get a big discount thanks to harry.
harry said that seniors love their junk mail and raising the rates would bother seniors.
His gay cowboy poet society probably gets a mailing discount too.

You're a moron.

gulfbeachbandit

gulfbeachbandit

Ghandi_is_my_bitch wrote:
salinski wrote:harry ried had a hand in it. He refused to allow regular rates for junk mail. They get a big discount thanks to harry.
harry said that seniors love their junk mail and raising the rates would bother seniors.
His gay cowboy poet society probably gets a mailing discount too.

You're a moron.

salinsky is a moron. But what I said is true. Google it if you know how.

gulfbeachbandit

gulfbeachbandit

Ghandi_is_my_bitch wrote:
salinski wrote:harry ried had a hand in it. He refused to allow regular rates for junk mail. They get a big discount thanks to harry.
harry said that seniors love their junk mail and raising the rates would bother seniors.
His gay cowboy poet society probably gets a mailing discount too.

You're a moron.

Here you go dopey.
Proof of who killed USPS. Your friend, harry.
Have someone read it to you. Moron.

http://www.washingtonpost.com/blogs/compost/post/harry-reid-fights-for-junk-mail/2012/04/20/gIQAFgDOWT_blog.html

Sal

Sal

salinski wrote:
Ghandi_is_my_bitch wrote:
salinski wrote:harry ried had a hand in it. He refused to allow regular rates for junk mail. They get a big discount thanks to harry.
harry said that seniors love their junk mail and raising the rates would bother seniors.
His gay cowboy poet society probably gets a mailing discount too.

You're a moron.

Here you go dopey.
Proof of who killed USPS. Your friend, harry.
Have someone read it to you. Moron.

http://www.washingtonpost.com/blogs/compost/post/harry-reid-fights-for-junk-mail/2012/04/20/gIQAFgDOWT_blog.html

Alexandria Petri??

ROTFLMAO!!!!

You are truly retarded.

The USPS is fucked due to the unrelenting lobbying efforts of UPS and FedEx and their Repuke friends in Congress.

To argue otherwise only serves to solidify your standing as the most ignorant poster on this forum (not that your title was ever in question).

gulfbeachbandit

gulfbeachbandit

Ghandi_is_my_bitch wrote:
salinski wrote:
Ghandi_is_my_bitch wrote:
salinski wrote:harry ried had a hand in it. He refused to allow regular rates for junk mail. They get a big discount thanks to harry.
harry said that seniors love their junk mail and raising the rates would bother seniors.
His gay cowboy poet society probably gets a mailing discount too.

You're a moron.

Here you go dopey.
Proof of who killed USPS. Your friend, harry.
Have someone read it to you. Moron.

http://www.washingtonpost.com/blogs/compost/post/harry-reid-fights-for-junk-mail/2012/04/20/gIQAFgDOWT_blog.html

Alexandria Petri??

ROTFLMAO!!!!

You are truly retarded.

The USPS is fucked due to the unrelenting lobbying efforts of UPS and FedEx and their Repuke friends in Congress.

To argue otherwise only serves to solidify your standing as the most ignorant poster on this forum (not that your title was ever in question).

You didn't read it. Did you? Just name calling and general one sided politics from you. Asshole.

You can google it and find the same thing from someone you can understand. Another dumbass like yourself.

Sal

Sal

salinski wrote:
Ghandi_is_my_bitch wrote:
salinski wrote:
Ghandi_is_my_bitch wrote:
salinski wrote:harry ried had a hand in it. He refused to allow regular rates for junk mail. They get a big discount thanks to harry.
harry said that seniors love their junk mail and raising the rates would bother seniors.
His gay cowboy poet society probably gets a mailing discount too.

You're a moron.

Here you go dopey.
Proof of who killed USPS. Your friend, harry.
Have someone read it to you. Moron.

http://www.washingtonpost.com/blogs/compost/post/harry-reid-fights-for-junk-mail/2012/04/20/gIQAFgDOWT_blog.html

Alexandria Petri??

ROTFLMAO!!!!

You are truly retarded.

The USPS is fucked due to the unrelenting lobbying efforts of UPS and FedEx and their Repuke friends in Congress.

To argue otherwise only serves to solidify your standing as the most ignorant poster on this forum (not that your title was ever in question).

You didn't read it. Did you? Just name calling and general one sided politics from you. Asshole.

You can google it and find the same thing from someone you can understand. Another dumbass like yourself.

Yeah, I read it.

And, I laughed and laughed and laughed.

Tell you what moron, you google it, and if you can find anyone else who blames the USPS' financial woes on Harry Reid and junk mail, you will have found a fellow moron.

Get crackin'.

Hospital Bob

Hospital Bob

salinski wrote:
gay cowboy poet society

Roses are red
Violets are blue
I kiss cowboys
And cowgirls too

Guest


Guest

Despite $15.9 billion loss, U.S. Postal Service execs see boost in pay

http://www.washingtontimes.com/news/2012/nov/15/us-postal-service-loses-159-billion/

Floridatexan

Floridatexan


This is a manufactured crisis. Congress mandated in 2006 that USPS fund 75 years of pension benefits within the next 10 years. No private business does this.

http://thinkprogress.org/economy/2011/09/28/330524/postal-non-crisis-post-office-save-itself/?mobile=nc

"...But what has been lost in the political debate over the Post Office is why it is losing this money. Major media coverage points to the rise of email or Internet services and the inefficiency of the post model as the major culprits. While these factors may cause some fiscal pain, almost all of the postal service’s losses over the last four years can be traced back to a single, artificial restriction forced onto the Post Office by the Republican-led Congress in 2006.

At the very end of that year, Congress passed the Postal Accountability and Enhancement Act of 2006 (PAEA). Under PAEA, USPS was forced to “prefund its future health care benefit payments to retirees for the next 75 years in an astonishing ten-year time span” — meaning that it had to put aside billions of dollars to pay for the health benefits of employees it hasn’t even hired yet, something “that no other government or private corporation is required to do.”

As consumer advocate Ralph Nader noted, if PAEA was never enacted, USPS would actually be facing a $1.5 billion surplus today:


By June 2011, the USPS saw a total net deficit of $19.5 billion, $12.7 billion of which was borrowed money from Treasury (leaving just $2.3 billion left until the USPS hits its statutory borrowing limit of $15 billion). This $19.5 billion deficit almost exactly matches the $20.95 billion the USPS made in prepayments to the fund for future retiree health care benefits by June 2011. If the prepayments required under PAEA were never enacted into law, the USPS would not have a net deficiency of nearly $20 billion, but instead be in the black by at least $1.5 billion..."

Markle

Markle

Floridatexan wrote:
This is a manufactured crisis. Congress mandated in 2006 that USPS fund 75 years of pension benefits within the next 10 years. No private business does this.

http://thinkprogress.org/economy/2011/09/28/330524/postal-non-crisis-post-office-save-itself/?mobile=nc

"...But what has been lost in the political debate over the Post Office is why it is losing this money. Major media coverage points to the rise of email or Internet services and the inefficiency of the post model as the major culprits. While these factors may cause some fiscal pain, almost all of the postal service’s losses over the last four years can be traced back to a single, artificial restriction forced onto the Post Office by the Republican-led Congress in 2006.

At the very end of that year, Congress passed the Postal Accountability and Enhancement Act of 2006 (PAEA). Under PAEA, USPS was forced to “prefund its future health care benefit payments to retirees for the next 75 years in an astonishing ten-year time span” — meaning that it had to put aside billions of dollars to pay for the health benefits of employees it hasn’t even hired yet, something “that no other government or private corporation is required to do.”

As consumer advocate Ralph Nader noted, if PAEA was never enacted, USPS would actually be facing a $1.5 billion surplus today:


By June 2011, the USPS saw a total net deficit of $19.5 billion, $12.7 billion of which was borrowed money from Treasury (leaving just $2.3 billion left until the USPS hits its statutory borrowing limit of $15 billion). This $19.5 billion deficit almost exactly matches the $20.95 billion the USPS made in prepayments to the fund for future retiree health care benefits by June 2011. If the prepayments required under PAEA were never enacted into law, the USPS would not have a net deficiency of nearly $20 billion, but instead be in the black by at least $1.5 billion..."

So if the Postal Service was forced to be as fiscally irresponsible as the rest of government, they'd be doing fine...TODAY.

It is nearly impossible for them to gear down. Were it not for bulk mail, they'd have already gone under. That's where they make money.

Were it not for the Union, they could shut down half their post offices and half their employees. Have you ever seen anyone working at a post office moving even slightly faster than a stroll?

The Postal Service has a contract with Federal Express to use space on their planes for Postal Service overnight mail.

They are like newspapers and magazines who saw the Internet as a passing fad or nothing more than an expensive toy.

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