Tuesday, May 10, 2011

Postal Service To Get A Bailout?

The Postal Service is continuing to hemorrhage money, reporting a loss Tuesday of more than $2 billion over the first three months of the year and warning it could be forced to default on federal payments.
Such a default would not interrupt mail service to millions of Americans, but it could further hobble an agency struggling with a sharp decline in mail because of the Internet and a tough economy.
The agency says the $2.2 billion loss covers Jan. 1 to March 31, 2011 — sharply higher than the net loss of $1.6 billion for the same period last year. The post office also said it will have reached its borrowing limit, set by Congress, of $15 billion by the end of the fiscal year.
More Here..


  1. It is time for the mailwomen to lose their jobs....

  2. see their ad stating no fuel surcharges...lol. well if they charged for fuel then it'd go against the official inflation propaganda and more people would notice the ponzi, so a bailout monies are the order of the day I guess


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