Embattled U.S. Postal Service gets help from rural America

Jun 1, 2012 | Posted by: roboblogger | Full story: Reuters

As the U.S. Postal Service limps along, bleeding billions of dollars every financial quarter, congressional leaders are looking to a group of outspoken rural lawmakers for help with a dramatic restructuring of the agency.

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“your life is great”

Since: Aug 09

you poop in clean water

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#1
Jun 1, 2012
 

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stop giving bulk-mailing rates to "for-profit" companies.
problem solved.
Far Away

Anchorage, AK

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#2
Jun 1, 2012
 

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How about restructuring to eliminate the union and, change retirements from defined benefits to 401(k)'s to start with all new hires, say beginning July 1, 2012, with greater employee contributions to health and retirement benefits.
goose

Wheaton, IL

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#3
Jun 1, 2012
 

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Far Away wrote:
How about restructuring to eliminate the union and, change retirements from defined benefits to 401(k)'s to start with all new hires, say beginning July 1, 2012, with greater employee contributions to health and retirement benefits.
You mean like most private sector jobs? Can't do that.

Follow what happened with GM! That should do it!
Far Away

Anchorage, AK

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#4
Jun 1, 2012
 

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goose wrote:
<quoted text>
You mean like most private sector jobs? Can't do that.
Follow what happened with GM! That should do it!
You mean like when GM shareholders took it in the shorts, while unions took an ownership interest in the corporation, while still leaving the taxpayers on the hook for $35 billion? Yeah, that should do it.
Far Away

Anchorage, AK

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#5
Jun 1, 2012
 
I swear, if this sh!t weren't so insanely assinine, it might be funny. Sadly, though...

“Truth to Power!”

Since: Apr 07

United States

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#6
Jun 1, 2012
 

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So what has Obama screwed up today?




“Truth to Power!”

Since: Apr 07

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#8
Jun 1, 2012
 

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anneutral wrote:
stop giving bulk-mailing rates to "for-profit" companies.
problem solved.



Selling Junk Mail at a higher Price is your answer?


Come on man!


The Federal gov simply isn't able to run a business successfully. We have an Idiot president who never even ran a Lemonade Stand along with a terrible Congress filled with many of the same losers as Blobama. Yes, Repubs included.


The Fed needs to sell off the USPS Now. Pay someone to take it if that's what it takes to rid the tax payers of that wretched anchor.

“Truth to Power!”

Since: Apr 07

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#9
Jun 1, 2012
 

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goose wrote:
<quoted text>
You mean like most private sector jobs? Can't do that.
Follow what happened with GM! That should do it!


GM = More Tax Payer Funded Bail Outs and Bankruptcy. Pay Offs to Unions with Tax Payer money too and the kicker is Obama's plan allows GM to avoid PAYING TAXES Now!!!


It's a Joke.
Makes sense

Dearborn, MI

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#10
Jun 1, 2012
 

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Forget the rural BIG GOVERNMENT addicts. Polygamy is the answer.
Tedsliver

San Francisco, CA

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#11
Jun 1, 2012
 

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Close it, no one will notice.
Pull My Finger

Sayville, NY

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#12
Jun 1, 2012
 
Send your congressman an email and ask him for help.
goose

Wheaton, IL

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#13
Jun 1, 2012
 

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Far Away wrote:
<quoted text>
You mean like when GM shareholders took it in the shorts, while unions took an ownership interest in the corporation, while still leaving the taxpayers on the hook for $35 billion? Yeah, that should do it.
No that is not what I meant.
I meant the downsizing, eliminating divisions which eliminated wasteful overhead they could not afford.(union pay & benefits was part of that).
The part you mention is correct and shameful.

Since: Sep 11

Location hidden

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#14
Jun 1, 2012
 
Gubmint workers suck the big one.
Eric Gustafson

Newport News, VA

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#15
Jun 2, 2012
 

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Far Away wrote:
How about restructuring to eliminate the union and, change retirements from defined benefits to 401(k)'s to start with all new hires, say beginning July 1, 2012, with greater employee contributions to health and retirement benefits.
yea, reduce their wages to poverty level and strip away medical coverage. 401Ks were designed to supplement pensions they were never intended to be primary retirement vehicles.

“your life is great”

Since: Aug 09

you poop in clean water

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#16
Jun 2, 2012
 

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The laughing liberal wrote:
<quoted text>
Selling Junk Mail at a higher Price is your answer?
Come on man!
The Federal gov simply isn't able to run a business successfully. We have an Idiot president who never even ran a Lemonade Stand along with a terrible Congress filled with many of the same losers as Blobama. Yes, Repubs included.
The Fed needs to sell off the USPS Now. Pay someone to take it if that's what it takes to rid the tax payers of that wretched anchor.
usually you're much more informed than this, I'm surprised.
.
president Bush signed into law that the USPS has to pre-pay into retirement plans for something like 60 years, what private company has to do that?
.
and, yes, if Citibank (and the like) had to pay .44 per piece of junk mail instead of the .07 they pay through bulk mail rates, then the USPS would be able to turn this thing around.
my mailman certainly doesn't live like a king, I'm sure yours doesn't either.
goose

Wheaton, IL

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#17
Jun 2, 2012
 
anneutral wrote:
<quoted text>
usually you're much more informed than this, I'm surprised.
.
president Bush signed into law that the USPS has to pre-pay into retirement plans for something like 60 years, what private company has to do that?
.
and, yes, if Citibank (and the like) had to pay .44 per piece of junk mail instead of the .07 they pay through bulk mail rates, then the USPS would be able to turn this thing around.
my mailman certainly doesn't live like a king, I'm sure yours doesn't either.
If I could add to your comment something that would happen if junk mail rates were eliminated.
Junk mail would be dramatically reduced, if not eliminated. Organizations could not afford to do it.
The assumption that the volume would continue is wrong. Would you pay over $2 to mail a letter? That is what you would pay if asked to do what the junk mail customers would be asked to do. Bet you would find another way to get it done!
Gary

Bellingham, WA

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#18
Jun 2, 2012
 

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People who live out in rural areas do so by choice,
so if they don't get mail service it's their own fault. I'm a conservative and I will always blame the victim.
Judge Rigged

Anonymous Proxy

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#20
Jun 2, 2012
 

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Eric Gustafson wrote:
<quoted text>
yea, reduce their wages to poverty level and strip away medical coverage. 401Ks were designed to supplement pensions they were never intended to be primary retirement vehicles.
You moron the PO needs turned over to the private sector and you need to take the meds the nuthouse prescribed for you. Now GFY!
drink the hive

New York, NY

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#21
Jun 2, 2012
 
I Prefer The I Ching Over Tarot Card'...

http://media.tumblr.com/tumblr_llm90tz4Ba1qcr...
Wall Street Government

Sebastian, FL

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#22
Jun 3, 2012
 
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.

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