US Post Office is prototypical for a future bankrupt America

is the Post office pointing to a future bankrupt America

  • yes

    Votes: 20 64.5%

  • No

    Votes: 4 12.9%

  • Maybe

    Votes: 7 22.6%
  • Total voters
    31
Quote from niceneasy:

Why should taxpayers finance some jackass to make 80k a year plus benefits
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For exactly the same reason why the taxpayers finance a jackass who makes bad business decisions at a mortgage company/bank then gets 20 million a year. Plus benefits... :)
 
Quote from AK100:

See one of Martin Armstrong's recent essays, the one about Rome.

He pretty much says what's going to happen in the US, Europe and the rest of the countries where government promises cannot be met.

It's not going to be pretty.

http://www.martinarmstrong.org/economic_projections.htm
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It's a good thing that he knows what the future will be like. I've not really met anyone that can accurately predict how the future plays out but maybe this guy has that power?
 
The USPS is definitely a drain on the economy but it's nothing in comparison to the way Congress destroyed Social Security and Medicare and turned it into a Ponzi Scheme, not to mention the endless wars, the massive never-ending bailouts to banks, the endless printing of money to keep bond rates artificially low, etc., etc. The problems at USPS are just a blip on the radar when all other wasteful spending is considered.
 
Quote from AK100:

See one of Martin Armstrong's recent essays, the one about Rome.
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Quote from Marty:
. . .tends to be driven by atheistic sentiments that could care less about the moral obligations. . .
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He calls himself a writer?
 
Quote from niceneasy:

EXACTLY. Break the union if thats even possible - fire half of the staff. Condense the delivery days to every second day. Cut Saturdays.
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Why does everyone seem OK with cutting Saturdays? It's the only delivery day of the week most people are home so can make Sure something gets picked up, or can find the mail carrier and discuss something if needed, etc. I would far prefer they cut out Monday or Friday for example.

My other issue is if a company like UPS/Fed Ex or just any private company takes over, do you know what they will do - anyone? - they will stop delivering to rural areas and anywhere else they aren't making money. The post office doesn't make any money I'm sure delivering where homes are spread far apart, but if that is cut off - there goes our mail system. For me if a private company were to take over they would have to guarantee they would deliver to all valid U.S. addresses.

But yes, if the USPS let go all current mail carriers and reposted the positions for 50% of the salary, they would have a long line of good enough people trying for the jobs still.

JJacksET4
 
Quote from the1:

The USPS is definitely a drain on the economy but it's nothing in comparison to the way Congress destroyed Social Security and Medicare and turned it into a Ponzi Scheme, not to mention the endless wars, the massive never-ending bailouts to banks, the endless printing of money to keep bond rates artificially low, etc., etc. The problems at USPS are just a blip on the radar when all other wasteful spending is considered.
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" the endless printing of money to keep bond rates artificially low"

remember though all parties come to an end. short term rates can not be kept artificially low indefinitely. when the velocity of money i.e. turnover picks up prices and inflation will skyrocket because of the humongous increase in the monetary base.
 
Quote from clacy:

It's a good thing that he knows what the future will be like. I've not really met anyone that can accurately predict how the future plays out but maybe this guy has that power?
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Not hard to predict the futre when the current crop of politicians are in charge.

Timing though it the hard part. But those who doubt Armstrong, even though he comes across as somewhat mad, are themselves mad.......
 
Quote from Covertibility:

Facts and figures about your Postal Service


0 — tax dollars received for operating the Postal Service


It's been repeated a couple times on this site yet those with the walnut sized gland in their heads probably still can't factor in this reality.
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Did you read the article chowderhead?

"The USPS has stayed afloat by borrowing $12 billion from the U.S. Treasury. This year it will reach its statutory debt limit. After that, insolvency looms.


" The USPS is targeting 2,000 of its 31,871 post offices. That's not much for an agency that's nearly $15 billion in debt"
 
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