The local news here has talked about such consolidation. The processing centers at Vancouver WA. and Hillsboro OR have already been consolidated into Portland OR. This has been and will continue to happen across the nation. The problem is, it causes more transportation costs, requires almost as many people, and only saves on building related costs. In the end, it saves little money if any.
I miss the 1/2 hr News hour...
Huh, good points. With fuel prices so high I'd imagine that would be a problem.
As the article I posted shows, the biggest problem with the USPS is the Repug penalty of $5B/year off the top going to year 2075 pension requirements.
Judging by the amount of mail spam I get, USPS is still extremely important commercially to huge number of US business, large and small.
Apparently the USPS needs to eliminate pensions for all their employees. They clearly can't afford them.
That's not it at all. This $5B annual is a requirement to prefund a system that wasn't required having a prefund before. The rate is probably 10x the annual amount needed to maintain the funding. The 2006 law refereed to requires the USPS to pay up front, all future pension obligation costs to cover something like 70 years into the future.
This is nothing but a way for congress to get more money to spend, and they will. It will then put the future tax payers on the hook for USPS employee retirement plans, since congress will have spent the retirement fund, that will only exist on paper.
If the internet negatively impacted the cash flows of the USPS, could it possibly be AlGore's fault that the entity is in trouble? Just sayin'....
The statist with the Frenchy posting name can produce leftist talking points at a mind blowing rate. Very impressive and sad at the same time.
"Do I feel lucky? Well, do ya, punk?"
cause I'm sure not feelin you have any intelligence. GFY
I didn't read the new posts yet, but when I saw this thread pop up again, I did some searches. The law removed the escrow accounts the postal service had to seed the future retirement. This however, was just a theft by congress, since it will now go into the general fund to be spent. Congress took and spent the postal services escrow account.
Saving the Post Office: Letter Carriers Consider Bringing Back Banking Services
On July 27, 2012, the National Association of Letter Carriers adopted a resolution at their national convention in Minneapolis to investigate the establishment of a postal banking system. The resolution noted that expanding postal services and developing new sources of revenue are important components of any effort to save the public post office and preserve living-wage jobs; that many countries have a long and successful history of postal banking, including Germany, France, Italy, Japan and the United States itself; and that postal banks could serve the nine million people who don't have a bank account and the 21 million who use usurious check cashers, giving low-income people access to a safe banking system. "A USPS [United States Postal Service] bank would offer a 'public option' for banking," concluded the resolution, "providing basic checking and savings - and no complex financial wheeling and dealing."
http://truth-out.org/news/item/10812...nking-services
Good idea.
Become a bank, and ask for trillions in TARP!
Is it potentially due to things like delivering too far rural and on weekends etc etc.
I mean I know it's a good service but no wonder they are dying, it would be bloody expensive to keep services like that running. I mean obviously people aren't using letters as much but stuff bought online has to be shipped somehow
...by UPS and FedEx...
Junk mail seems to be extremely important to business.
I thought you respected the constitution. Article I Section 8 Clause 7. Check it out.
It only says we have to have a postal service, not a bloated, inefficient one, tbh... additionally, if we really wanted to get rid of it, we could amend that clause out of the Constitution, tbh...
There is actually nothing wrong with the postal service revenue except that congress thought they could get them to operate at $5.5 billion in the black each year, and take it.
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