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US postmaster does stand-up routine, but doesn't realize it

Postal Service says it needs law changes in order to pay bills
Washington (CNN)

-- Despite significant cost-cutting, the U.S. Postal Service has "an inflexible business model" that will make it unable to pay huge bills without legislative fixes, the postmaster general testified Wednesday.

The agency cut $3 billion in costs last year and will see about $2 billion in savings this year, but it still won't have the revenue to meet its obligations, Patrick R. Donahoe told the House postal oversight committee.

Despite cutting 230,000 positions in recent years, without significant changes, he said, the Postal Service, which is not taxpayer funded, cannot survive as a self-financed entity. (yeah right, taxpayers bail them out every year).

Prefunded retiree medical benefits of $5.5 billion a year lead the list of ails facing the agency, he said. The $5.5 billion is due September 30. No other entity must bear "the incredible burden" of such an amount, he said. (except every state in the union, guess this guy doesn't watch the news)
The agency also must pay in October $1.2 billion for workers' compensation, according to the postmaster general.


Current models show the Postal Service will be $2 billion to $3 billion short of the amount needed for the workers' comp and the prefunded medical benefits payments, Donahoe said.

Donahoe reiterated the agency's request to deliver mail five times a week, rather than the current six.

The agency also is earning less from first-class mail, suffering a $544 million revenue loss in comparable three-month periods over two years. "Any business that takes this kind of monetary hit is destined to struggle, and the Postal Service is no different," the postmaster general said.

Donahoe said the Postal Service plans to strengthen the business-to-consumer channel, improve customer service, better compete for the package business and become a "leaner, faster and smarter organization." (LOL, now that's funny)

The agency is discussing changes in compensation with unions representing workers, he said. (hey, it's working well in madison WI)

"We will not need a bailout," Donahoe said. But the $5.5 billion payment is the principal reason for the Postal Service not breaking even this year, he said. He is expecting a $6.4 billion loss this year.
(we don't want a bail-out, just the usual several billion the gubmint gives us every year to ..... well basically bail us out).
Old 03-03-2011, 02:04 PM
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Originally Posted by sammyg2 View Post
Postal Service says it needs law changes in order to pay bills
Washington (CNN)

-- Despite significant cost-cutting, the U.S. Postal Service has "an inflexible business model" that will make it unable to pay huge bills without legislative fixes, the postmaster general testified Wednesday.

The agency cut $3 billion in costs last year and will see about $2 billion in savings this year, but it still won't have the revenue to meet its obligations, Patrick R. Donahoe told the House postal oversight committee.

Despite cutting 230,000 positions in recent years, without significant changes, he said, the Postal Service, which is not taxpayer funded, cannot survive as a self-financed entity. (yeah right, taxpayers bail them out every year).

Prefunded retiree medical benefits of $5.5 billion a year lead the list of ails facing the agency, he said. The $5.5 billion is due September 30. No other entity must bear "the incredible burden" of such an amount, he said. (except every state in the union, guess this guy doesn't watch the news)
The agency also must pay in October $1.2 billion for workers' compensation, according to the postmaster general.


Current models show the Postal Service will be $2 billion to $3 billion short of the amount needed for the workers' comp and the prefunded medical benefits payments, Donahoe said.

Donahoe reiterated the agency's request to deliver mail five times a week, rather than the current six.

The agency also is earning less from first-class mail, suffering a $544 million revenue loss in comparable three-month periods over two years. "Any business that takes this kind of monetary hit is destined to struggle, and the Postal Service is no different," the postmaster general said.

Donahoe said the Postal Service plans to strengthen the business-to-consumer channel, improve customer service, better compete for the package business and become a "leaner, faster and smarter organization." (LOL, now that's funny)

The agency is discussing changes in compensation with unions representing workers, he said. (hey, it's working well in madison WI)

"We will not need a bailout," Donahoe said. But the $5.5 billion payment is the principal reason for the Postal Service not breaking even this year, he said. He is expecting a $6.4 billion loss this year.
(we don't want a bail-out, just the usual several billion the gubmint gives us every year to ..... well basically bail us out).
Do you have a personal thought inserted above or is it the same thing we read previously on CNN? BTW, a link takes up less bandwidth.

Sherwood
Old 03-03-2011, 02:09 PM
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Originally Posted by 911pcars View Post
Do you have a personal thought inserted above or is it the same thing we read previously on CNN? BTW, a link takes up less bandwidth.

Sherwood
Proper posting etiquette requires the poster to link the story, and quote it in the post. Thereby saving bandwidth by not requiring the reader to click on the link to the other site whist simultaneously providing proper citation.
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Old 03-03-2011, 02:45 PM
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If he had just mentioned it and had personal thoughts, someone-sherwood-would have said "post a link", show us some proof. You can't please a liberal.
Old 03-03-2011, 03:20 PM
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If he had just mentioned it and had personal thoughts, someone-sherwood-would have said "post a link", show us some proof. You can't please a liberal.
If I wanted you to show proof, I would have asked that. I didn't.

My personal thoughts were in the form of a question asking if you had a comment about the article you C&P'd. What bearing does this have with party affiliation? Was your motivation to re-broadcast CNN on OT via your thread? You could have at least paraphrased the article from your POV otherwise it seems like you randomly uploaded it.

S
Old 03-03-2011, 03:46 PM
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better read it again sherwood, I didn't post it.
Old 03-03-2011, 03:52 PM
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better read it again sherwood, I didn't post it.
That's right. Your brother in thought, SammyG. I'll let him respond since you had your turn, or was that his response from you?

S
Old 03-03-2011, 03:56 PM
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Liberal is a party? Your query might have been better worded like this, "What bearing does party affiliation have on this matter?"

Sherwood, his comments are parenthetical(in parenthesis)
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Old 03-03-2011, 04:33 PM
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