Posts Tagged ‘postal monopoly’

Ed O’Keefe reports at the Washington Post that the U.S. government’s postal monopoly continues to hemorrhage red ink at an astounding rate as a result of huge and unsustainable, public-employee-union pension schemes: The U.S. Postal Service reported $2.2 billion in losses during its second quarter, continuing several quarters of historic losses amid declining mail…
Read More »

And Now a Bailout for the U.S. Postal Service?


Monday December 27th, 2010   •   Posted by David Theroux at 6:16pm PST   •   0 Comments

Angela Greiling Keane reports in a recent article at Bloomberg Businessweek, “A Bailout for the U.S. Postal Service?”, that the U.S. Postal Service’s costs “will exceed revenue by $2.7 billion, even after borrowing $3 billion from the U.S. Treasury, the annual legal limit. Total debt, now $12 billion, by law can’t exceed $15 billion….
Read More »

Facebook Twitter Youtube RSS

Search MyGovCost