Guest Post: The Great Postal Fraud

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Submitted by Jim Quinn of The Burning Platform

The Great Postal Fraud

“One of the things the government can’t do is run anything. The only things our government runs are the post office and the railroads, and both of them are bankrupt.” – Lee Iaccoca

You may have heard that the U.S. Post Office lost $16 BILLION last year. You may also have heard that Congress snuck a requirement into a bill that had nothing to do with the Post Office, mandating that they must deliver on Saturdays, even though eliminating Saturday delivery would save the Post Office $2 BILLION per year. Congress evidently can’t read a financial statement or interpret a chart. I’m sure the trends detailed on this chart will reverse themselves shortly.

While reading an editorial today supporting the Post Office in its efforts to save money by eliminating Saturday delivery I saw another MASSIVE LIE perpetuated by the MSM and the government.

Here is the Orwellian statement:

“The U.S. Postal Service is an independent governmental agency that doesn’t take taxpayer funds.”

This is complete and utter bullshit. This statement also described Fannie Mae and Freddie Mac until 2008. They were just little old independent government agencies helping out the housing market – until the shit hit the fan!!! Then they became albatrosses around the necks of the American taxpayer. You own them now. They have lost $200 billion of your tax dollars, and will lose billions more before all is said and done.

You can access the U.S. Post Office financial statements online. Here is their December 2012 report:

http://about.usps.com/who-we-are/financials/financial-conditions-results-reports/fy2013-q1.pdf

The honesty of the people writing this report is refreshing. They essentially admit they are BANKRUPT and unable to meet their financial obligations. In other words, a truly INDEPENDENT entity admitting they can no longer operate. How is this for honesty:

“The Postal Service continues to suffer from a severe lack of liquidity. The Postal Service held total cash of $2.9 billion and $2.3 billion as of December 31, and September 30, 2012, respectively, and had no remaining borrowing capacity on its $15 billion debt facility (See Note 3, Debt, for additional information). The increase in cash balances for the quarter is largely attributable to the seasonal impact of holiday mailings, along with additional revenue resulting from this year’s political campaign and elections. Cash balances generally decline during the remainder of the fiscal year, as revenue is not as strong in the remaining quarters. By the end of this fiscal year, the Postal Service projects it will have a liquidity balance that will be less than its average weekly expenses of $1.3 billion. This low level of available cash means that the Postal Service will be unable to make the $5.6 billion legally-mandated prefunding of retiree health benefits due by September 30, 2013. Further, this level of cash could be insufficient to support operations in the event of another significant downturn in the U.S. economy.

Through the three months ended December 31, 2012, the Postal Service has suffered 5 quarters of consecutive net losses and net losses in 14 of the last 16 quarters. The net loss of $1.3 billion for the first quarter of the year included $1.4 billion of expense accrued for the legally-mandated prefunding payment for retiree health benefits. The requirement of the Postal Accountability and Enhancement Act, Public Law 109-435 (P.L. 109-435) to prefund its retiree health benefit obligations, a requirement not shared by other federal agencies or private sector businesses, plus the precipitous drop in mail volume caused by changes in consumers’ uses of mail, have been the two major factors contributing to Postal Service losses since the recession ended in 2009. Without structural change to the Postal Service’s business model, it will continue to be negatively impacted by these factors and, absent legislative change, it anticipates continuing quarterly losses for the remainder of 2013.”

The politicians that are mismanaging this country use governmental accounting fraud to cover-up the fact that the obligations of this bloated pig of an operation are going to be paid by YOU, the taxpayers of the United States. Today, none of the past, current, or future liabilities of this INDEPENDENT GOVERNMENT AGENCY are reflected in the Federal budget projections or the National Debt calculation.

Do YOU want to know how much YOU really owe? Brace yourself.

  • In the past six years they have lost $41 BILLION and they have a cumulative deficit of $36 billion. How many INDEPENDENT organizations can run up deficits of $36 billion without going out of business? YOU are on the hook for these accumulated deficits, just like you were on the hook for all of the Fannie and Freddie backed toxic mortgages.
  • The Post Office will lose another $10 to $15 billion this fiscal year. You will be on the hook for that too.
  • They have $15 billion of debt on their balance sheet, with $9.5 billion payable in the next 9 months. How will this INDEPENDENT government agency that is losing $16 billion per year pay off $9.5 billion? They won’t. The government drones will pass a bill in the middle of the night extending the terms with no cash flow requirements or expectation of repayment. I wonder if I can get a loan like that?
  • The really interesting stuff is buried on page 42 of their report. I wonder why it is all the way back there? In addition to their $15 billion of debt, they have another $70.5 BILLION of unfunded future obligations. The two biggest are:
    • $33.9 Billion of payments for pension and health benefits for retirees, all due within the next 5 years. It’s not cheap providing gold plated benefits to government workers.
    • $25 billion for workers compensation and sick leave payments. Yikes!!! It must be all that stress, because the mail never stops. It keeps coming and coming. It’s almost enough to make someone go postal, or at least file a stress related workers comp claim.

This really sounds like a promising story. Mail volumes continue to plummet. Someone should tell Congress the internet age has arrived. The Post Office has thousands of money losing, unneeded outlets. It has 637,000 employees when it only needs 300,000. Over 70% of Americans favor ending Saturday delivery, so Congress passes a law making that impossible to implement, ensuring $2 billion more losses per year. That’s par for the course. Over 70% of Americans were against passing TARP too. And according to your leaders in Washington, and parroted by the MSM, you are not on the hook for their losses.

It’s beyond laughable, but so is most of what is going on in this tragedy of a country, disguised as a comedy. The truth is that you are on the hook for the $36 billion of accumulated deficits, the $85 billion of debt and contractual obligations, and the annual $16 billion losses they continue to pile up. But what’s $120 to $150 billion among friends? Bennie can print that out of thin air in a few days. Why run an operation efficiently at a surplus, when you can keep hundreds of thousands of union government drones employed (until they go on workers comp) by sticking it to the working American taxpayer. I sure hope I don’t get a visit from the Postmaster General because of this article.

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Sat, 04/13/2013 - 13:54 | 3444805 This One Goes t...
This One Goes to Eleven's picture

failure of another entitlement program

Sat, 04/13/2013 - 14:04 | 3444814 BigJim
BigJim's picture

Don't worry JQ. The geniuses at the Federal Reserve have got it covered.

Sat, 04/13/2013 - 14:14 | 3444855 Skateboarder
Skateboarder's picture

It involves a ceremonial bailout ritual with live-heart removal, performed by the Bernank himself.

Sat, 04/13/2013 - 14:22 | 3444870 JoeSexPack
JoeSexPack's picture

USPS is a jobs program for slackers, losers & the otherwise unemployable.

 

Like the TSA.

Sat, 04/13/2013 - 14:26 | 3444888 Tijuana Donkey Show
Tijuana Donkey Show's picture

I have a friend that works there, and it sucks! I thought it would be a cool job, but they have really ruined it. Close this sucker, and end all the junk mail!

Sat, 04/13/2013 - 14:34 | 3444902 JoeSexPack
JoeSexPack's picture

True story: last month I never received a package from Amazon that the USPS claimed was delivered.

 

They gave me a delivery code as evidence, but refused to give me the carrier's name. Three separate workers gave me a phone # for Melvin the supervisor, but refused to give his hours.

 

4 calls over the next week were unanswered, each after 50+ rings. On 5th call a woman said Melvin hadn't worked there for months. So 3 separate workers looked me in the eyes & lied. She also refused to give the carrier's name, but gave me a # for Postal Inspection.

 

Postal Inspection woman took my info, but refused to give a name or # of an inspector for a lost package, & did not care about the lies. 30 days passed & no contact from an inspector.

 

Amazon replaced the missing BBQ thermometers two days after I told them this story, no questions asked. Go Amazon!

 

Close the USPS & make America a better place.

Sat, 04/13/2013 - 14:37 | 3444915 Ahmeexnal
Ahmeexnal's picture

Thanks for the feedback. About to order from AMZN so it'll have to be UPS.

Sat, 04/13/2013 - 14:46 | 3444930 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Thanks for the feedback. About to order from AMZN so it'll have to be UPS.

The post office provides so-called "last mile delivery" to a geographically large portion of the country for UPS and FexEx. Without that, UPS and FexEx would be a lot more expensive and/or wouldn't offer delivery service to a lot of people.

Sat, 04/13/2013 - 14:57 | 3444951 Money Squid
Money Squid's picture

I know I am a little slow on some things, so let me see if I understand this correctly. Congress slips in a requirement that the PO must deliver on Saturday. The PO provides "last mile delivery" for UPS and FedEx, to keep their costs down. So the tax payer, through the PO, is subsidizing FedEx and UPS, and ensures Saturday delivery like FedEx and UPS, FedEx and UPS can make a "profit" for its executives and stock owners. Do I have that right?

Sat, 04/13/2013 - 15:04 | 3444966 TheFourthStooge-ing
TheFourthStooge-ing's picture

Yes, you have that right.

Also, if congress, at the end of 2006, hadn't required the post office to prefund its future health care benefit payments to retirees for the next 75 years (which means some of those retirees are yet to be born) and do this in a ten year span, they'd be sitting on a healthy surplus.

Sat, 04/13/2013 - 15:22 | 3444991 Money Squid
Money Squid's picture

A follow up question if I may - If the PO must prefund its future healthcare benefits (which is a lot of money), is the money then available to spend, loan, or encumbered in another way, like the Social Security IOUs in the 3-drawer filing cabinet? Is the prefunding a mechanism to make more tax payer money available for immediate spending on other programs/investments?

Sat, 04/13/2013 - 15:28 | 3444998 TheFourthStooge-ing
TheFourthStooge-ing's picture

I don't know the details of where the prefunded healthcare benefit money goes. Perhaps someone with more knowledge of it could chime in here.

Based on the track record of congress and Wall Street, though, it's probably been thoroughly Corzined.

Sat, 04/13/2013 - 16:16 | 3445080 Stuck on Zero
Stuck on Zero's picture

Forget fancy retirement and health programs for the USPS.  Why can't they go on Medicare and Social Security like everyone else?

 

Sat, 04/13/2013 - 17:44 | 3445238 mjcOH1
mjcOH1's picture

"It involves a ceremonial bailout ritual with live-heart removal, performed by the Bernank himself."

I believe you're confusing this with the ceremonial goat-fuck, used in the case of vote-buying govt bureaucracies and union bailouts. The live-heart removal is reserved for private businesses that fail to pay the commonly accepted bribe levels.

Sat, 04/13/2013 - 19:32 | 3445396 greyghost
greyghost's picture

jimmy quinn goes major asshole again. this clown is nothing more than a college professor with no real world experience. note the smug air of superiority in his reply to posts. clearly not one to be challenged on any topic...ever.

Sat, 04/13/2013 - 19:42 | 3445410 Jim Quinn
Jim Quinn's picture

Don't make me spank you before sending you off to bed where you can suck your thumb and pee yourself.

Sat, 04/13/2013 - 20:39 | 3445544 akak
akak's picture

Something tells me you would like that.

Sat, 04/13/2013 - 20:53 | 3445608 Jim Quinn
Jim Quinn's picture

Shouldn't you be busy massaging Stooge's balls by now?

Sat, 04/13/2013 - 21:54 | 3445728 akak
akak's picture

Classy.

Behold the educated 'professional'.

Sun, 04/14/2013 - 13:28 | 3446821 FEDbuster
FEDbuster's picture

Let's not forget the 600K+ Democrat votes the APWU (AFL-CIO) delivers on election day.

Sat, 04/13/2013 - 19:39 | 3445403 kchrisc
kchrisc's picture

"Corzined" I like that.

Corzined

adjective

1. To have stolen by an overseer that which was thought to be in safe keeping and to have no recourse as to recovery due to political connections of the thief.      His car was corzined by the valet who is the mayor's cousin and the police just laughed when called.      hujel
Sun, 04/14/2013 - 11:42 | 3446537 PiratePawpaw
PiratePawpaw's picture

answer: its gone!. it went in the same special lockbox that your SS payments go in. That is why congress DEMANDS that the PO must prefund it. The USPS is a  cash cow for congress, NOT the other way around.

Sat, 04/13/2013 - 18:07 | 3445270 TheFourthStooge-ing
TheFourthStooge-ing's picture

Money Squid asked:

Is the prefunding a mechanism to make more tax payer money available for immediate spending on other programs/investments?

Just a quick followup to my original reply. The money goes into US Treasury bonds. Make of that what you will.

Sun, 04/14/2013 - 01:04 | 3446008 TimmyB
TimmyB's picture

It shows up as part of the general fund, and thus it's true purpose---it's an accounting trick that lowers the deficient by the prepaid amount. It was passed to make the government deficient look smaller in the short run.

Sat, 04/13/2013 - 15:35 | 3445007 Jim Quinn
Jim Quinn's picture

You're a moron who doesn't even understand the difference between an income statement and a balance sheet. You blather on about the 75 years of pre-funding their pension and helathcare obligations. Your agenda is revealed by your exaggeration of 75 years. It is 50 years.

Secondly, the PO defaulted on their required payment for 2012. They didn't make the $12 billion payment.

Idiots like yourself seem to think it is fiscally irresponsible to fully fund your obligations. Are you a Congressman or the mayor of one of our shithole urban enclaves?

I know you are a math challenged dumbass, so understanding that $85 billion of contractual obligations for retirement, healthcare, workers comp and sick leave MUST be paid by someone - US TAXPAYER, is beyond the scope of your pea brain.

You DailyKoos idiots think an organization with massively declining volumes, rapidly rising costs, and no plan to address these two facts is NO PROBLEM.

The mind of a liberal is a terrible thing to witness.

Sat, 04/13/2013 - 15:55 | 3445043 RafterManFMJ
RafterManFMJ's picture

If this is the Real Jim Quinn from TBP I respectfully request you publish more. You and Jim Willie are the high points of my day. Love you both. No Homo.

Sat, 04/13/2013 - 18:41 | 3445302 El Oregonian
El Oregonian's picture

*

Sat, 04/13/2013 - 15:56 | 3445049 Skateboarder
Skateboarder's picture

Let's not devolve into a name-calling shitstorm. Everyone go off and read this (potentially and most likely falsified) information and reconvene with legit (or psuedolegit) answers.

https://about.usps.com/who-we-are/financials/financial-conditions-result...

Sat, 04/13/2013 - 16:31 | 3445098 Jim Quinn
Jim Quinn's picture

Yes. Let's go to the actual report.

The PO did not make their funding payment for pension and health obligations in 2012 because they have reached the limit on their credit line. Guess who they owe the $15 billion of debt to?

They owe it to the Federal Financing Bank. Guess who owns the FFB? 

BINGO!!! - The US Treasury owns the FFB.

So all we need to do is have the US Treasury loan the PO $30 billion and all will be well. Right STOOGE?

You idiots can mentally masturbate for hours with your bullshit about the PO being viable, but in the end YOU THE TAXPAYER are on the hook for over $100 billion of past, current and future obligations of this organization. Get that through your pea brains. 

Sat, 04/13/2013 - 18:04 | 3445265 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

You're a moron who doesn't even understand the difference between an income statement and a balance sheet.

Oh, I'm sorry that I made you actually go back and read up on the subject of your smear job.

Your agenda is revealed by your exaggeration of 75 years.

Agenda? I haven't hesitated to point out the errors in the post office hit pieces that run here from time to time, of which yours is simply the latest.

It is 50 years.

The source for the 75 year figure is this article by Ralph Nader. Wikipedia says it's 50 years, and the text of the bill says through 2056. I don't know if Nader was exaggerating (it's certainly possible) or if the act had been amended between 2007 and the time he wrote his article in 2011 (another possibility).

Let's say I was wrong on the 75 years. I'm big enough to concede that point. When I'm wrong, I will gladly admit it, as that is part of being an adult. I'd rather be correct than cling to a mistaken belief, and I'm certainly not going to humiliate myself by trying to defend an error with namecalling.

Having said that, it is still an enormous financial burden to prefund retiree health care benefits for the next fifty years over a span of only ten years.

Secondly, the PO defaulted on their required payment for 2012. They didn't make the $12 billion payment.

Do you have a source for the $12 billion figure? The text of the 2006 bill indicates that the payment due September 30, 2012, was $5.6 billion. Thanks.

Idiots like yourself seem to think it is fiscally irresponsible to fully fund your obligations.

Aside from the namecalling, you're being a bit presumptuous. I think the case can be made that fully funding your obligations as you go is the responsible thing to do, and if you can prefund them by a few years it might be prudent to do so. I also think the case can be made that funding obligations fifty years into the future, if doing so results in transforming a surplus into insolvency, is fiscally irresponsible.

I financed part of my college tuition with student loans. Are you saying that it is fiscally irresponsible to attend college unless you can pay for the full four years in a lump sum before setting foot in a classroom?

I financed the purchase of my home with a mortgage and a 25% down payment. Are you saying that I was fiscally irresponsible by not paying cash for it?

Are you a Congressman or the mayor of one of our shithole urban enclaves?

Again with the name calling? I must have hit a nerve for you to slander me with the label of politician. Nevertheless, whether you realize it or not, your post office smear is a nice way to deflect much deserved blame away from congress. Why are you so insistent on defending the politicians which inhabit the swamp on the Potomac?

I know you are a math challenged dumbass

Made me laugh. The education I partially financed with student loans included classes in calculus, probability, differential equations, abstract algebra, and complex analysis. (It also included statistics, which I hated and, except for test days, stopped attending after the first test, yet still received an A for the course.)

Because I am a math challenged dumbass, I was able to compute the total dollar amount of interest which I'd be paying on my student loans and my mortgage, as well as the very substantial savings I'd realize by paying twice the required monthly payment and, in the case of my mortgage, making these payments two to three months before the due date. I blame this lack of mathematical comprehension for my reckless fiscal irresponsibility.

so understanding that $85 billion of contractual obligations for retirement, healthcare, workers comp and sick leave MUST be paid by someone - US TAXPAYER, is beyond the scope of your pea brain.

Yes, it is beyond the scope of my pea brain. Explain to me again how fully funding obligations forty to fifty years ahead of when they come due for people not yet working in a system which may not last another twenty years, even if it transforms an operating surplus into insolvency and default and consequently necessitates government bailouts, is the wise and fiscally responsible course of action. Also, for the sake of my mathematically stunted comprehension, I'd appreciate it if you could limit your explanation to variables involving only the set of real numbers. It is the weekend, after all.

You DailyKoos idiots

Sorry, pea brain here. While familiar with a rather broad lexicon of name-calling terms, I've never heard of a DailyKoos idiot. Could you explain this one? I'd appreciate it if you could avoid the use of polysyllabic words, if possible.

think an organization with massively declining volumes, rapidly rising costs, and no plan to address these two facts is NO PROBLEM.

From what I understand of the Postal Accountability and Enhancement Act of 2006, the money used to prefund retiree health care benefits fifty years into the future, resulting in postal deficits instead of surpluses, goes into purchasing bonds from the US Treasury.

Why are you such a staunch defender of congress looting these funds to pay for Homeland Security, TSA, drug wars, drone wars, police militarization, ethanol subsidies, free cell phones, and other such intrusive and offensive big government abominations?

The mind of a liberal is a terrible thing to witness.

I'll agree with you there, although I wonder why you're so flagrantly exhibiting yours.

Sat, 04/13/2013 - 18:10 | 3445274 akak
akak's picture

Now THAT was a spanking!

The only things you forgot to mention were that his mother was a hamster and his father smelt of elderberries.

Sun, 04/14/2013 - 00:04 | 3445953 BigJim
BigJim's picture

You think Jim Quinn knows who his father is?

Sat, 04/13/2013 - 18:58 | 3445317 Jim Quinn
Jim Quinn's picture

Your looking for my source when the link to the actual financial report is in my article. You mean to tell me you went on the offensive regarding the financial situation of the Post Office and you didn't even open the financial report?

I guess your calculus expertise doesn't require you to actually read the information that you so authoritatively expound upon.

Click the link and learn something. Page 9 of the report SAYS they defaulted on their payment. That means they did not make the payment. The $5.6 billion is for FY13.

What a burden we have placed on the poor Post office. We require them to pre-fund their pension and health benefits and then they default on the payment and we do nothing. It's government accounting masturbation.

They defaulted because they reached their debt limit of $15 billion, which DRUM ROLL PLEASE, is from the US Treasury. Open the report and you would know that.

Whether they fund the obligations today or in fifty years, they will do so on the backs of the US taxpayer. They run multi-billion dollar deficits, excluding the funding obligations. Their own report predicts a further plunge in mail volume by 2020. Their losses are growing and they still owe the $85 billion.

You attempt to misdirect the debate from the simple fact that the US Post Office is not an independent agency and will never be able to meet its pension and healthcare obligations without the US taxpayer footing the bill. It's a money losing operation that needs to be downsized. It is supposed to be a self funding organization and it is not.

The fact that you placed 10 comments in a frenzy as soon as the article was posted reveals that you have an agenda to mislead the readers from the truth about the PO.

Next time, try reading the financials before you start spouting off. 

 

 

Sat, 04/13/2013 - 20:31 | 3445528 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

I guess your calculus expertise doesn't require you to actually read the information that you so authoritatively expound upon.

I wasn't the author of the smear job. By the way, your remark on calculus expertise is, in this context, a non sequitur. It's good to see that ad hominem isn't the only tool in your logical fallacy toolbox.

Click the link and learn something. Page 9 of the report SAYS they defaulted on their payment. That means they did not make the payment. The $5.6 billion is for FY13.

Sorry about that. I guess you big government types are more familiar with the federal government's fiscal years than us pea brains. The payment due September 30, 2011, was $5.5 billion.

http://www.govtrack.us/congress/bills/109/hr6407/text

They defaulted because they reached their debt limit of $15 billion

You think the five and a half billion dollars a year congress was extorting from them had anything to do with this?

which DRUM ROLL PLEASE,

Spare me the drama, please.

is from the US Treasury. Open the report and you would know that.

Funny thing about that is that they have to borrow money from the US Treasury to make the congressionally mandated extortion payments to the US Treasury.

You attempt to misdirect the debate from the simple fact that the US Post Office is not an independent agency

I never said it wasn't. Anyone that thinks it is supposed to be an independent agency clearly has a feeble understanding of the constitution.

It's a money losing operation that needs to be downsized.

It is a constitutionally mandated function of the federal government. Why not downsize or eliminate the Department of Education, the Department of Energy, the Department of Housing and Urban Development, the Department of Homeland Security, or any of the other sacred cows that you big government types so adore?

It is supposed to be a self funding organization and it is not.

It is a constitutionally mandated function, irrespective of the desire of congress that it be self funding. Any deficits it incurs are the responsibility of congress to address. It cannot be abolished without an amendment to the constitution. But hey, the constitution is just a goddamned piece of paper, right?

The fact that you placed 10 comments in a frenzy as soon as the article was posted reveals that you have an agenda to mislead the readers from the truth about the PO.

The fact that you view my disagreement as a threat to your rigid Ideology of Truth® orthodoxy, requiring you to come out swinging with ad hominems and drama queen tactics like ALL CAPS, not to mention obsessing to the point of counting my comments, says a lot about you. Ever consider trying to make an argument without it entailing a vulgar display of histrionics?

Sat, 04/13/2013 - 21:17 | 3445637 Jim Quinn
Jim Quinn's picture

Reading your attempt to counter my facts with a stoyline is getting boring.

You didn't open the financial report.

You don't understand the concept of accrued liabilities.

You didn't even know the PO isn't actually paying the money that you opened your comments with.

You didn't know that the US Treasury funds their deficits already, meaning the American taxpayer is on the hook.

You keep spouting the falsity that my article says the US Post office should be eliminated. I said no such thing. I said it needs to be downsized and made capable of existing without the taxpayer being stuck with an ever increasing liability.

You opened the comment salvo calling the article Utter Bullshit. I responded in the same tone. Then you act like you are an innocent victim of big bad mean guy.

Your schtick is tiring.

Sat, 04/13/2013 - 22:56 | 3445828 Prometheus418
Prometheus418's picture

The USPS is the only .gov that actually *does* something tangible for myself and my faimly without putting me in danger of a heart attack from apoplectic fits of rage (ie. the highway department)

They probably do lose money, but why single them out- they actually do something that I can see.  I order shit online, and they bring it to my house- cheap and on-time, every time.  That's way more acceptable to me than the idiots who demand half-billion dollar schools and federally funded community centers thousands of miles away from me that I will never see.

We all already know that the government is inefficient- that point isn't up for debate as far as I'm concerned.  What I wonder is why the one institution that is availible to every citizen everywhere, with the same pricing across the board, is the one that is so often villified?  Is it the shorts with the reflective stripes?

Seriously- I live in a small town, and the USPS are champs here- they always get things here on time and intact, while UPS and FedEx are as about as reliable as the weather forecast (though I'll concede that they've gotten better in the past 2-3 years.)  If I want to send something via post, it's about eight blocks away- if I want to send somthing UPS, it's over twenty miles, and far more expensive.

Considering the fucking we get on just about anything the .gov touches, I'm on board with the USPS being the last thing we shut down and burn.  Ulitmately, they need to go the way of the rest- but I'm in no hurry to see them gone.  I'm genuinely curious as to why they, of all organizations, are on your proverbial hit list.

 

Sat, 04/13/2013 - 23:53 | 3445934 F22
F22's picture

95% of my mail from USPS is Junk.....

When I get an important delivery...junk silver....I have to go to the local postal annex

the hours of which are 9a-4p (customer friendly convenience) and the people that work there are the most rude slugs I've dealt with in any

business in my area.  I would never choose to have USPS deliver anything important...give me UPS or FEDEX any day.

Sun, 04/14/2013 - 00:17 | 3445971 Prometheus418
Prometheus418's picture

I get semi-regular deliveries from Gainesville, myself- and I know what you mean.  

It depends on your locality, though.  I missed closing time by 5 minutes once, and caught one of the employees in the parking lot.  After asking nicely (no sarc), she went back in and personally found my package.  They've always been prompt and courteous for me, and even have a sense of humor when I do weird engineer shit like cutting priority mail boxes into dozens of triangles and taping them back together to mail odd-shaped packages on their lobby table.

Private enterprises here don't do that- they have no problem telling you to piss off if you inconvenience them.  It's one of the hidden pitfalls of rural life- they know you have nowhere else to go, and act accordingly.

Sat, 04/13/2013 - 18:42 | 3445319 El Oregonian
El Oregonian's picture

 

 

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Sat, 04/13/2013 - 17:58 | 3445253 post turtle saver
post turtle saver's picture

I don't know who down voted this but whoever did is either an idiot or has an axe to grind... this is EXACTLY the reason that the USPO is having trouble with the numbers.

Sat, 04/13/2013 - 15:21 | 3444973 RockyRacoon
RockyRacoon's picture

If you live in Podunk, Alaska, UPS nor FEDEX has you on their maps.  No USPS and you don't get diddly delivered -- at any price that is close to reasonable.   The USPS contracts with FEDEX and UPS to make that last mile delivery because it makes the USPS money they would not have otherwise had.  It's a symbiotic relationship, not a subsidy to FEDEX or UPS.  It just seems to work okay that way.  Stop looking under rocks for conspiracies.

And for the article to quote Lee Iacoca!  Really?  I think I recall Chrysler being the beneficiary of the first really big BAIL OUT!  The height of arrogance is astounding.

Sat, 04/13/2013 - 15:25 | 3444995 dark pools of soros
dark pools of soros's picture

Exactly, the post office is fine... What's a good business? Walmart?

Sat, 04/13/2013 - 16:48 | 3445123 RockyRacoon
RockyRacoon's picture

The postal service is not a business, any more than a fire station is a business.  It was originally begun to provide distribution for newspapers in accordance with the right of the free press as the underlying idea.  There is too much preoccupation with the "business model" as a template for anything.  It doesn't always fit the bill.

Sat, 04/13/2013 - 20:59 | 3445616 disabledvet
disabledvet's picture

it COULD be a business....but the Convenient stores and Pharmacies would never allow it. "they have a lobby too." also the capital budget for spending on plant and equipment is RIDICULOUSLY low. http://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2011... obviously if instead of running 35 year old chevy s-10's they upgraded their 200,000 vehicle fleet to either all electric or all natural gas vehicles then that would save taxpayers billions immediately. "can't have that...those are Wall Street traders and they need waste, fraud and abuse by their Government Agencies." new more fuel efficient buildings? NOT. simply put "this is a General Motors loss of revenue scenario" and since no one is predicting sales to ever stop falling...EVER..."this is the kiss of death"...public or private. the stat that is most striking in that report is the loss of man hours in the past 6 years...as well as "the loss of efficiency" as suddenly all the folks "really running the Agency" realized "this thing can be economized to point where all you have are delivery people." my view is that in demanding the Postal Service deliver on Saturday you may see management do just that. what these clowns have done "is the exact opposite of a plan." perhaps the best option is to declare bankruptcy now the the Fed is monetizing all that debt anyways? at a certain level they already have.

Sat, 04/13/2013 - 22:41 | 3445805 BooMushroom
BooMushroom's picture

Two nits: first, of course their efficiency is down. The number of mailboxes has remained constant, and the volume of mail has decreased. If you are measuring mail per hour or mail per gallon of fuel, you're gonna have less efficiency if the amount of mail decreases. Second, the USPS fleet is huge! There would be a savings eventually, but the upfront cost would be significant and the Time for return of capital would be nonzero.

Not that they can't make dozens of improvements, both with and without inconveniencing customers.

Sun, 04/14/2013 - 19:17 | 3447770 dark pools of soros
dark pools of soros's picture

I agree - but it seems many folks here would rather all our sectors be a bottomline business like walmart..  i guess the sewage dept should only let us flush once a week next

 

Sat, 04/13/2013 - 15:49 | 3444997 Money Squid
Money Squid's picture

Not looking under rocks, nor for conspiracies. I am aware of the history of congress using tax payer monies to subsidize private industry. I have a lot experience with little-known, unrelated and strange government funding mechanisms and accounting practices. But, I can not keep up with all of them for all branches of local, state, federal and quasi-governmental organizations. "It just seems to work okay that way" Does not sound like you have good grasp on how it works at all.

Sat, 04/13/2013 - 16:53 | 3445131 RockyRacoon
RockyRacoon's picture

I'm saying that the symbiosis works okay.  All entities involved profit from the arrangement.  It has been worked out over many years, and it functions.  I'm not shrugging off that as an explanation.  And, as a matter of fact, I know how it works quite well, as it is part of my business model to use all 3 services.  I have all 3 company's widgets at my disposal to use to calculate costs.  I just pick the one best suited to my needs for shipping. 

Sat, 04/13/2013 - 15:48 | 3445033 Goldilocks
Goldilocks's picture

"We at Chrysler borrow money the old-fashioned way. We pay it back." - Lee Iacocca

Sun, 04/14/2013 - 05:40 | 3446131 Cadavre
Cadavre's picture

Exactly -Lee sure pitched his lame ass "K" cars. Chrysler collision insurance is relatively cheap due to a high availability of good condition body parts in junk yards. They needed the money to off shore thir factories - same thing GM did with it's bailout bucks.

But still, Lee had to bring a posse of Franlins S&L cild meat to DC to negotiate terms (usual protocal for all suckling at the breasts of the commons)..

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