Monday, July 20, 2009

United States Postal Service going into Default-IOU'S Next



On July 14, unions representing United States Postal Service (USPS) workers wrote the White House with "extreme urgency" asking for a meeting to address lack of funding for both employee payroll in October and health benefits for retired employees.

The letter, which the FederalTimes.com blog provided a scanned copy late last week, says:

"[USPS] top executives are now saying that the USPS will default on a $5.4 billion payment to prefund future retiree health benefits on September 30, 2009. And its government affairs representative are now telling Congressional staff that the Postal Service may not be able to make payroll in October and will be forced to issue IOUs instead."

The letter was co-signed by the presidents of the American Postal Workers Union, National Rural Letter Carriers' Association, National Association of Letter Carriers and National Postal Mailhandlers Union, and sent to White House Deputy Chief of Staff, Jim Messina.

Link

17 comments:

  1. *blank stare*

    Uh oh.

    ReplyDelete
  2. Food, Water Filter's,GUNS,Silver/Gold coins.
    Hang on this is going to be rough..

    ReplyDelete
  3. ya no visa bills

    ReplyDelete
  4. Please love me before we all die...

    ReplyDelete
  5. I was in a gold shop today cashing in some old jewelry to repurchase some other commodities I'm going to be needing, and while I was in there a guy bought $15,000 in silver bars and 1 oz gold coins. He looked like your typical astute businessman, not like a doom and gloomer.

    ReplyDelete
  6. Most of the useless turds that work in the Chicago postal system will have a hard time differentiating between their old job and the dole. Neither requires much work and you get a Govt check for your lack of effort.

    ReplyDelete
  7. Unless you can GROW food, you are toast. If its you against the world? Your MRI's and Ammo? The world will eventually win. Its time to meet your neighbors, and make long term plans.

    ReplyDelete
  8. stamps $2000 talk about hyperinflation

    ReplyDelete
  9. They are DODO Birds in case you were wondering

    ReplyDelete
  10. Woe unto thee Oh my people America!

    Woe unto thee! I shall rend my clothes in mourning! My foolish people!

    Thou hast disregarded thy Lord! Thou hast disregarded thy commandments! Thou hast worked inequity and said to thyself 'I am rich! I shall not be poor!'
    How thou hast been cast down! The stones beseech thee, saying 'Repent! Repent of thy sin!' but thou remainest steadfast in it.

    Thy fate is among the smooth stones.

    ReplyDelete
  11. :( Jesus tard. Brainless. Take your mythology and delusion to a religion forum please.

    ReplyDelete
  12. Hey I like that. 'Jesus-Tard'.

    I think I'll get a T-shirt printed up that says 'I am a Jesus-Tard' and wear it.

    ReplyDelete
  13. Hot topic is introducing a new clothing line for Prophets called 'Sacloth and Ashes'

    Ought to be a big hit.

    ReplyDelete
  14. This story confirms the Federal Fascist Government of the United States is going bankrupt on Sept 30, 2009, as many have predicted.

    The depopulation forced vaccine program should be close to completion by then and with only a few million Americans left, the government will do just fine.

    Good Luck!

    ReplyDelete
  15. Anon above....you need to which to decaf

    ReplyDelete
  16. I read the gold #'s, market numbers, oil numbers and flu numbers every day. And LAUGH!

    Its scary, but we colletively SO deserve this!

    Heh heh!

    ReplyDelete

Everyone is encouraged to participate with civilized comments.