in 2010 the geniuses (as in government) at the United States Postal Service (“USPS”) managed to lose $8.7 billon.
this informations comes from people that won’t return your calls.
in the coming year the USPS intends to burrow the last $3.5 billion of the $15 billion line of credit it has with the U.S . Treasury. When it takes this money, the Postal Service will have exhausted all of its sources of funding and could qualify under standards for bankruptcy by this time next year – just in time to be in competition with California and Medicaid for scarce bailout dollars.
I’ll trust you to understand that impacts tax dollars and other service – or, lack thereof.
we need the gnashing of teeth (beneath lips snarled), and the shaking of fists. voices must needs be raised.
they did that while the big boys at United Parcel Service (“UPS”) increased profits by 7.2% in the final quarter, and ripped a roaring profit of $11.73 billion.
…that’s a swing of almost $20 billion dollars.
NOTE: both organizations are plagued by unions. however, UPS appears to manage the burden smarter, some how.
I’m sure (sure) someone better looking than me has come up with this line-of-thinking, but can we put the United States Mail system into private hands?
obviously, I’ll nominate UPS.
I’m reasonably confident this country could do a lot (better) with an extra $20 billion actually working for citizens.
brian patrick cork