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Thread: It's All Your Money: Taxpayers may be on hook for US Postal Service losses ($34B)

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    How's that Hopey Changey thing workin'? C.Puffs's Avatar
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    Default It's All Your Money: Taxpayers may be on hook for US Postal Service losses ($34B)

    http://www.foxnews.com/politics/2012...rvice-bailout/

    ""The U.S. Postal Service is often the butt of jokes, but there's nothing funny about the agency's bottom line.

    The USPS is losing up to $25 million dollars a day. Until now, taxpayers have not been on the hook for its mounting losses, but that could be about to change. A bailout recently approved by the Senate would appropriate $34 billion in federal money."

    It's only money. And Barry wants Healthcare just as efficient.

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    Bite my shiny metal ass! beNder's Avatar
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    It's a Service, not a private company. It costs money. They need to reform it no doubt. We will see lots of building closures in the next couple years.

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    I'll be in the corner. Rattfink's Avatar
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    UPS will pick up, and deliver to my door. They are exceedingly polite and professional.
    For the same money USPS gives me a note that a signed for package needs to be picked up at their distribution center which works more or less the same hours I do. Their cusomer service is deplorable. Their letter service is nearly obsolete with online banking and email. I would think they would want their parcel sercive to be top notch. It isn't. There are other options and they are all better.

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    Senior Member Sashko's Avatar
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    Just hoping it does not go belly up completely. The only way to ship stuff to Canada without getting raped by brokerage fees. Never had any problems with their service and find their prices very reasonable.

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    Mr. Liberal LineDoggie's Avatar
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    Isnt part of the Issue that the congress years ago made a regulation that mandates USPS put so much money into the pension funds that it affects day to day operation costs?

    EDIT: Found this the Postal Accountability and Ehancement Act of 2006 makes them pre load Pension funds/healthcare benefits 75 years in advance within a 10 year span. No Other US Government agency is under such rules. ANY Surplus at the end of the fiscal year is mandated for Healthcare benefits.

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    How's that Hopey Changey thing workin'? C.Puffs's Avatar
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    Quote Originally Posted by CG51 View Post
    It's a Service, not a private company. It costs money. They need to reform it no doubt. We will see lots of building closures in the next couple years.
    And they charge money, just like UPS and FedEX.

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    Going Rogue seraosha's Avatar
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    Article 1, Section 8, Clause 7


    Document 4
    Thomas Jefferson to James Madison
    6 Mar. 1796Works 8:226--27
    P.S. Have you considered all the consequences of your proposition respecting post roads? I view it as a source of boundless patronage to the executive, jobbing to members of Congress & their friends, and a bottomless abyss of public money. You will begin by only appropriating the surplus of the post office revenues; but the other revenues will soon be called into their aid, and it will be a scene of eternal scramble among the members, who can get the most money wasted in their State; and they will always get most who are meanest. We have thought, hitherto, that the roads of a State could not be so well administered even by the State legislature as by the magistracy of the county, on the spot. What will it be when a member of N H is to mark out a road for Georgia? Does the power to establish post roads, given you by Congress, mean that you shall make the roads, or only select from those already made, those on which there shall be a post? If the term be equivocal, (& I really do not think it so,) which is the safest construction? That which permits a majority of Congress to go to cutting down mountains & bridging of rivers, or the other, which if too restricted may refer it to the states for amendment, securing still due measure & proportion among us, and providing some means of information to the members of Congress tantamount to that ocular inspection, which, even in our county determinations, the magistrate finds cannot be supplied by any other evidence? The fortification of harbors were liable to great objection. But national circumstances furnished some color. In this case there is none. The roads of America are the best in the world except those of France & England. But does the state of our population, the extent of our internal commerce, the want of sea & river navigation, call for such expense on roads here, or are our means adequate to it? Think of all this, and a great deal more which your good judgment will suggest, and pardon my freedom
    .

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    Senior Member tea drinker's Avatar
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    Wife and I had great experience with USPS staff when we visited. Top shelf for courtesy and making life easy for retarded tourists.
    Hope you guys can reform it and keep the service....

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    Daddy's little boy RSone's Avatar
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    The postal sector, or at any rate the letters part of it is rapidly heading towards unprofitability, at least when you offer your employee decent contracts. Royal Mail here in the Netherlands was privatized long ago, state divested itself of all shares, and it's only been going downhill since really. The company was renamed several times, and I guess about 2 years ago, the parcel and postal services were split up. TNT Express continued to profitable and was bought by one of the big US courier companies, PostNL(the postal service) has trouble competing with the smaller postal companies that do not have to deliver 6 days in the week(there was talk of the company dropping delivery on monday, no idea if that's happened yet) don't have national coverage(so they can focus only on the (still) profitable areas), and do not employ fulltime delivery personnel, paying them by the amount of delivered mail instead of by the hour. Hell, they even get subsidies for employing mentally impaired people(turning employment into a profit instead of a cost, in some cases) Basically, all the problems the company had when it was still unified, but now compounded by PostNL's smaller size and capital relative to a couple of years ago.

    Management has responded by rigorously reorganizing our national logistical infrastructure, and is in the process of getting rid of all full-time delivery personnel, replacing them with part-timers, stay at home moms and students(hell, even I am getting too old/expensive at 22) and getting rid of personnel before they have to offer them contracts for indefinite periods(Dutch law says this needs to happen after 3 years of employment) but revenue and profits are still down year over year. Service to the customer certainly hasn't gotten any better either.
    Ultimately, government may want to bite to bullet and just take the loss on state-run postal services if they want national postal coverage or reform them so they run at least break-even. Privatisation in the sector tends to lead to degradation of delivery standards and network coverage for anything but small packages and up.

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    Quote Originally Posted by Rattfink View Post
    UPS will pick up, and deliver to my door. They are exceedingly polite and professional.
    For the same money USPS gives me a note that a signed for package needs to be picked up at their distribution center which works more or less the same hours I do. Their cusomer service is deplorable. Their letter service is nearly obsolete with online banking and email. I would think they would want their parcel sercive to be top notch. It isn't. There are other options and they are all better.
    I partially disagree. USPS has been really crappy for me. however it all depends on the mailman.

    Once we had a really good mailman/woman that would deliver our packages to our doors. She worked for only few months though. I live in a 5 storey apartment building with no elevator, so when a package had to be delivered and signed for they never bothered to deliver it. They would just leave a note that I had to go and pick it up in the post office. The mailwoman who worked only for few months used to always climb the stairs and deliver the package, no matter which storey it was.

    Now we have this young buck that doesn't other to do ****. Our mail is lost on typical basis. I ****ing hate that guy.

    Truth is that outside of the rare occasions I don't remember the last time I used the postal services.

    All the bills are paid online. All of my banking, credit card, and bill statements are just e-mailed to me. Almost all the purchases on Amazon are made through UPS, so I only deal with them if I have something to be delivered or shipped.

    I wouldn't cry if they shut down the USPS. Money dump filled with our tax money.

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    Father Scout panzrman's Avatar
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    Quote Originally Posted by Rattfink View Post
    UPS will pick up, and deliver to my door. They are exceedingly polite and professional.
    For the same money USPS gives me a note that a signed for package needs to be picked up at their distribution center which works more or less the same hours I do. Their cusomer service is deplorable. Their letter service is nearly obsolete with online banking and email. I would think they would want their parcel sercive to be top notch. It isn't. There are other options and they are all better.
    All that, plus the utterly worthless, annoying and mailbox stuffing bulk mail that gets tossed into the bin as soon as I get it. That crap is 90% of the letter mail I receive. I wonder how much that junk costs them to process, ship and deliver?

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    How's that Hopey Changey thing workin'? C.Puffs's Avatar
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    Quote Originally Posted by panzrman View Post
    All that, plus the utterly worthless, annoying and mailbox stuffing bulk mail that gets tossed into the bin as soon as I get it. That crap is 90% of the letter mail I receive. I wonder how much that junk costs them to process, ship and deliver?
    True. We complain about spammers but junk mail is the original spam.

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    Daddy's little boy RSone's Avatar
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    Quote Originally Posted by panzrman View Post
    All that, plus the utterly worthless, annoying and mailbox stuffing bulk mail that gets tossed into the bin as soon as I get it. That crap is 90% of the letter mail I receive. I wonder how much that junk costs them to process, ship and deliver?
    For PostNL it's probably the biggest revenue turner in the small mail department.

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    Bite my shiny metal ass! beNder's Avatar
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    Quote Originally Posted by panzrman View Post
    All that, plus the utterly worthless, annoying and mailbox stuffing bulk mail that gets tossed into the bin as soon as I get it. That crap is 90% of the letter mail I receive. I wonder how much that junk costs them to process, ship and deliver?
    Who do you thing generates all that junk mail? The PO? It's business, from big banks trying to sucker you into getting their credit cards at usury rates to local business trying to start up.

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    How's that Hopey Changey thing workin'? C.Puffs's Avatar
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    Quote Originally Posted by CG51 View Post
    Who do you thing generates all that junk mail? The PO? It's business, from big banks trying to sucker you into getting their credit cards at usury rates to local business trying to start up.
    They should jack up the rates on junk mail. That way they'd have more income and we'd get less crap that goes in the trash unopened. Win-win.

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