U.S. post has $2.2 billion loss, warn...

U.S. post has $2.2 billion loss, warns of Sept insolvency

There are 88 comments on the WNFL-AM Green Bay story from May 10, 2011, titled U.S. post has $2.2 billion loss, warns of Sept insolvency. In it, WNFL-AM Green Bay reports that:

The U.S. Postal Service posted a $2.2 billion net loss in its second quarter and said it might be unable to pay its debts by September.

Join the discussion below, or Read more at WNFL-AM Green Bay.

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callahan

Cleveland, TN

#93 Dec 26, 2011
wolf9walker wrote:
<quoted text>
Those are some pretty good points, but fedx and ups are not in trouble like the usps. The usps pervide all that for only 44cents. Maybe they need to raise their rates a little.
That is a very good point....how could the cost for mailing a first class letter to someone down my street be the same as mailing the same letter across the country? The usps has a monopoly and can't make it.
Sal

United States

#94 Feb 9, 2012
An overnight letter via UPS cost me $16 to send.

Since: Dec 11

Location hidden

#95 Feb 13, 2012
wolf9walker wrote:
<quoted text>
Those are some pretty good points, but fedx and ups are not in trouble like the usps. The usps pervide all that for only 44cents. Maybe they need to raise their rates a little.
Exactly, but they CAN'T. Their rates have to be approved by congress, and congress makes sure to approve rates that will not make ends meet. They are designing it for failure. so they can privatize it.
Sal

United States

#96 Feb 14, 2012
callahan wrote:
<quoted text>...how could the cost for mailing a first class letter to someone down my street be the same as mailing the same letter across the country?
Kinda the same way a cell call costs the same per minute near or far. The letter goes on a truck that is going to the far away location anyway. It is contracted at a set cost per trip, not by weight, or per letter. Your letter is then sorted and delivered at the destination the same as it would be at your local Post Office.
Citizen

Clyde, TX

#97 Feb 23, 2012
I think that the local politicians are responsible for the Post Offices problems. Due to 911 addresses being assigned without consulting a group of us about renaming our road. We decided to stop receiving mail at our homes including not using the fake 911 addresses in our businesses. I have went to using a cell phone and disconnected my land line and I am considering charging the phone company to cross my property with their lines since they have violated their easement with my property deed. I still mail letters but I have cut back from about 500 dollars to about 20 dollars a year. And I am still getting some of these letters back with a valid 911 address on them. I think that the 911 authorty in my area should be arrested because everything that they did only made a big mess of transportation, Communication, commerce, and safety. They have done this and no one seems to be willing to correct them even though the evidence of the problems are obvious to see. These people who work at the Post Office are probably responsible for less than 15% of the trouble at the Post Office and the bulk of the Post Offices Problems can be place squarely on your local 911 addressing officials. They are not considering safety in their assigning of addresses or they would be using the real street names. If you don't understand me then try sorting mail with almost every address starting with either cr, or pvt, and you will understand just one of the problems they are having delivering the mail. Consumers want their mail delivered and in a timely fashion and not helter skelter. And that is exactly what the 911 authorities in my area have done to a majority of the rural addressing in my area. The state has a good number of agencies who oversee our safety every day and they quite simply have either dropped the ball or succumbed to pressure from the 911 authorities here. I would also like to add that their actions set off this depression that we are going through. An invading army couldn't have done a better job disrupting this areas communications, deliveries, and safety. Return to Sender is destroying the USPS and our economy as well as losing money for every business that does business here and it seems that no one here even has a clue as to what they did wrong. If they understood what the US Constitution says they would realize soon enough that they have also broken these laws too. The US Congress needs to understand that there is very little oversight of local officials who are more or less nothing more than members of a good ol' boy's club since they are required to have certifications and those come only from a public university. And most of these public groups have anyone involved required to be a member of their association to maintain their certifications. No! The public trust is what is broken. Contracts being ignored by the local politicians and anyone who trys to complain singled out and framed for whatever offence they can pin on him or threaten him with. The State and Federal Government has lost control of this country and seem to be only pointing fingers at each other and not trying to fix the problems. They seem to be more worried about money than doing what is right and American.
Tommy

United States

#98 Feb 26, 2012
It looks like there will be another 35000 ex postal workers soon.
Thumper

Oak Ridge, NJ

#99 Feb 26, 2012
Downsizing does not mean no mail delivery so understand MAIL CARRIERS jobs will remain secure. It's the other employees who are losing their jobs. Consolidation or closing plants effects clerks, mail handlers, managers and drivers...not to mention customers whose mail will be delivered later. At worst mail carriers may be inconvenienced by moving to another [larger] office and have to travel farther to and from their routes and homes.
Tommy

United States

#100 Mar 13, 2012
http://thehill.com/blogs/on-the-money/budget/... Wonder what is going to happen with this?

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