Postal Service faces gloom of debt

  • Article by: RON NIXON , New York Times
  • Updated: October 1, 2012 - 10:02 PM

Mail volume continues to drop while the service waits for Congress to help it deal with its financial burdens.

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martin64Oct. 1, 12 9:06 PM

We can thank the republicans for their ridiculous pension funding requirements. Look them up and tell me if any other company would be able to function in the black if THEY had to do this.

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avejoeconOct. 1, 1210:28 PM

Look it up Martin, the Democrats agreed with this requirement!!!

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ddellwoOct. 1, 1210:59 PM

My guess is that over 75% of what arrives in my mailbox gets thrown in my recycling bin before I even enter the house. Do you remember the days when you used to look forward to getting the mail? Now, anything of real importance is sent via email, UPS or Fed Ex -- kind of sad, really.

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comment229Oct. 2, 12 5:08 AM

"ridiculous pension funding requirements" and yes, it was a half truth to say it was a strictly conservative effort. However, I did talk to a very good friend who works as a mail carrier to get the facts from his perspective and he echoed the pension problems and then some, but mostly the pension. Want to bet this is going to be another attempt to declare bankruptcy to break the union, and bring back these workers with lower pay and no health insurance? It is becoming the new America. Get used to it. I haven't, won't, and will fight this all the way or our middle class and lower middle class is going to disappear off the face of this earth.

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kinnickOct. 2, 12 5:46 AM

Hey martin64 those 'nasty' republicans are at it again! Next time get your facts straight! Remember the dem's in wisconsin?????

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jsmart05Oct. 2, 12 6:38 AM

Stop Saturday delivery and in rural areas where there is a post office every five miles, close half of them.

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malibu123Oct. 2, 12 7:13 AM

I'm shocked, another government agency that's fiscally out of control. Who would have guessed?

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EleanoreOct. 2, 12 7:30 AM

The PO is a national, public use, entity that our country depends on. It's is incredible that congress could impose such unreasonable and outrageous pension funding demmands on them, but not other public agency. That component done away with would put the USPS back on sounder footing and the people should be demanding it. When you read headlines in the paper like this your first thought should be "wrong" and you should remember both parties imposed this outrageousness.

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johnbaranickOct. 2, 12 7:35 AM

Since it seems about 90% of the mail is of the catalog/flyer/junk variety, perhaps they ought to nudge their rates up a bit. If they choose to not send out so much bulk mail as before, is that such a bad thing?

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qwerty123Oct. 2, 12 8:27 AM

I hear all the time that if the USPS hadn't been forced by the mean GOP to fund their own pensions, everything would be rosy. However, even without the pension requirement they still would have lost $3.9 Billion last FY, and meanwhile future pensions would be unfunded. Sounds like they need thorough reform top to bottom.

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