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80 930, 74S
 
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Market at 13k, 35k postal employees about to go

This is a wet dream for the Republicans...they must be thrilled with Obama.
Old 02-24-2012, 12:38 PM
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The American government has grown beyond Americas ability to pay for it. This has been the case since 1968...for many years the deficit was relativily minor but now with nearly 100T USD in debt or in accounts payable the can can no longer be kicked down the road without it bouning back to hit America in the head.

If Americans love their bigger and better government they had better come up with another 1.4T USD a year in TAXES....so Hugo chip some more of your Dinero into the pot....caus eit is ou who has to got to PAY....AND NO FKING WEASLE words will get you outa this one...

Quite frankly Hugo with the way things are going U are fked, your children are fked and your grandchildren are fked..Soooo sorry that is REALITY...
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Old 02-24-2012, 02:30 PM
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snail mail is going the way of the dodo...I don't see how it's really market related, it's just that people use facebook and online catalogues to keep in touch and buy stuff.

UPS delivers packages more efficiently than USPS. USPS subsidized their package delivery with stamp prices for regular letters. And UPS teamsters make good money, it's not a union thing.
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Old 02-24-2012, 02:40 PM
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Quote:
Originally Posted by tabs View Post
The American government has grown beyond Americas ability to pay for it. This has been the case since 1968...for many years the deficit was relativily minor but now with nearly 100T USD in debt or in accounts payable the can can no longer be kicked down the road without it bouning back to hit America in the head.

If Americans love their bigger and better government they had better come up with another 1.4T USD a year in TAXES....so Hugo chip some more of your Dinero into the pot....caus eit is ou who has to got to PAY....AND NO FKING WEASLE words will get you outa this one...

Quite frankly Hugo with the way things are going U are fked, your children are fked and your grandchildren are fked..Soooo sorry that is REALITY...
While it is great that the stock market is nearing the levels of the Bush years...after almost 4 years of the Obama administration...it is hardly anything to brag about.

On the other hand, the Republicans are idiot:

I have to laugh...

Newt Gingrich said the following in Wednesday night's GOP debate in Arizona:

"I agree generally with the need to reform government. I think that, if we were prepared to repeal the 130-year-old civil service laws, go to a modern management system, we could save a minimum of $500 billion a year with a better system."

Pretty impressive when "the government's total personel costs -- including the entire U.S. military and all of the Postal Service -- totaled $432 billion last year"

You guys need to find another scapegoat. The number of federal employees has decreased by over 10% sine 1990 (well over 200k employees)

Federal Government Employment Levels Through the Years (including the U.S. Postal Service

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Old 02-24-2012, 03:49 PM
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The Congress plays games with the USPS and as I understand it, siphons money out of them to use for other activities, and then demands that the USPS be fiscally sound.
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Old 02-24-2012, 03:54 PM
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Quote:
Originally Posted by Hugh R View Post
The Congress plays games with the USPS and as I understand it, siphons money out of them to use for other activities, and then demands that the USPS be fiscally sound.
Just imagine if they did that with Social Security. Oh wait.
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Old 02-24-2012, 04:00 PM
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Hugo 930...Your a waste product. And the post office would be better off outta the clutches of the fed. The government would screw up a two car funeral.
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Old 02-25-2012, 07:37 AM
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Imagine if you had to run a company at a break even or profit:
1) if you had to visit every home in America 6 days a week
2) have a monopoly on the noprofitable parts of the business but no choice in wherther to perform them or not
3) allow any other business to pick and choose to do only the most profitable parts of your business (UPS, FedEx, etc)
4) cannot set the prices on your services yourself
5) have no ability to set the pay and benefits for your employees
6) have a clientele that expects perfection, but no ability to reward your workforce if successful
7) have to run offices in most every small town nationwide regardless of profit or loss
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"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
Old 02-25-2012, 08:17 AM
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80 930, 74S
 
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You just can't make you girls happy.

Smaller Government

Market goes up, so do your investments.

What's not to like?

Yeah, granted the fellow is brown and doesn't throw the Jesus around as much as you freaks like to see it. But after the increased debt and government size of the last Democrat President, Mr. Bush...you guys should be psyched.
Old 02-25-2012, 09:41 AM
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"the problem with socialism is that eventually you run out of other people's money."
margaret thatcher

obama's problem is that the moneys already been spent before the socialized medicine scheme has even kicked int gear.
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Old 02-25-2012, 09:47 AM
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Quote:
Originally Posted by Hugo930 View Post
This is a wet dream for the Republicans...they must be thrilled with Obama.
What does a reduction of 35K Postal employees have to do with Obama? E-mail and changes/competition in the shipping industry have been taking a toll on the postal system for years. It's a natural change in the business brought on by technology.
Old 02-25-2012, 10:40 AM
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This is where you're wrong. Government increases whenever there is need but it hardly ever decreases when a need goes away.


Quote:
Originally Posted by JE928sx4 View Post
What does a reduction of 35K Postal employees have to do with Obama? E-mail and changes/competition in the shipping industry have been taking a toll on the postal system for years. It's a natural change in the business brought on by technology.
Old 02-25-2012, 10:59 AM
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Quote:
Originally Posted by fintstone View Post
Imagine if you had to run a company at a break even or profit:
1) if you had to visit every home in America 6 days a week
2) have a monopoly on the noprofitable parts of the business but no choice in wherther to perform them or not
3) allow any other business to pick and choose to do only the most profitable parts of your business (UPS, FedEx, etc)
4) cannot set the prices on your services yourself
5) have no ability to set the pay and benefits for your employees
6) have a clientele that expects perfection, but no ability to reward your workforce if successful
7) have to run offices in most every small town nationwide regardless of profit or loss
yup, but you left out Hugh's comment above yours - he's right about that, isn't he?
Old 02-25-2012, 11:29 AM
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yup, but you left out Hugh's comment above yours - he's right about that, isn't he?
Yes and no. Only modestly in most cases. This is the real "big deal"... The USPS is like a company...but does not have to pay taxes. It was doing so well after going "semi-private" that it was making a serious "profit"...so much that in 2006, Congress decided to mandate that the USPS pre-fund future retiree health benefits for the next 75 years, over the next 10 years (private business nor govt does this). Then the economy went south making it more difficult and causing all the red ink. Most estimates show that the amount that USPS is putting into the "retirement fund" is a bit excessive

Just another case of the politicians we elect coming up with some goofy idea and putting the blame on the employees they task to implement the impossible.
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"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
Old 02-25-2012, 11:59 AM
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Wow fint, you are really talking this becoming a democrat thing to heart.

How long can you keep this up?

Good show man, good show.
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Old 02-25-2012, 12:31 PM
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Quote:
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This is where you're wrong. Government increases whenever there is need but it hardly ever decreases when a need goes away.
I'm not wrong. The USPS is not technically part of the US Govt. It's an independent agency authorized by the constitution and has not received direct funding through taxpayer money for decades. It's required to operate through it's own means. It's following sound business sense.
Old 02-25-2012, 12:38 PM
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If its independent, how come Congress dictates how it runs its finances?
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Old 02-25-2012, 03:56 PM
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It is semi-independent and like all agencies, comes under US code and congressional oversight. It has a different personnel and retirement system than other federal employees, different structure, etc. It must run in a "break-even" profit neutral manner and the GAO reviews its finances and budget to ensure that it is not moving in a direction that might effect its ability to do so long term. Obviously long term retirement obligation funding would be one of their interests in order to prevent them from turning into another GM...as well as cost containment concern for competition from UPS, FeDEx, email, etc.
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"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
Old 02-25-2012, 04:18 PM
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THE NEXT BAILOUT? The Post Office Has Lost Nearly $20 Billion In Four Years
Robert Johnson | May 16, 2011, 3:38 PM

Announcing a $2.2 billion first quarter loss for 2011, the U.S. Postal Service warned it would become insolvent unless Congress takes action.

The institution has already lost a shocking $20 billion since 2007.

The reasons are obvious. The amount of mail sent through the Post Office dropped by 12 billion pieces a year from 2006 to 2009 — from 213 billion to 177 billion pieces. And it is expected to drop to 150 billion by 2020, according to the WSJ.

The USPS has cut costs in light of this decline, but not enough, and does not plan on making money any time soon.

To cover its losses, the Post Office took a soon to be depleted, $15 billion line of credit from the U.S. Treasury in the early 1990's, and has been drawing on it ever since. Even this, combined with $9 billion in cost cuts, and the elimination of 105,000 full time jobs in the last two years, has done nothing to help.

Thus USPS officials are now asking Congress to skip their annual $5.4 billion retiree health benefit prepayment and to adopt a pay-as-you go system; the same method currently used by states like California, that can't meet their obligations.

In fact, the Postal Regulatory Commission claims that the Post Office has overpaid the system $50 to $75 billion throughout the years, and consequently it asks the Federal Government to assume the health care burden of its retired workers. The postal union says this would cover retiree who earned pensions prior to 1970, when the law that reformed the Post Office came into effect.

Some kind of bailout is coming, or the end of an institution.

Read more: THE NEXT BAILOUT? The Post Office Has Lost Nearly $20 Billion In Four Years
Old 02-26-2012, 10:54 AM
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Not sure what your point is here...
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"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
Old 02-26-2012, 12:19 PM
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