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US Postal Service Could be ‘Stamped Out‘

Posted By admin On November 29, 2012 @ 6:07 am In Money Watch | Comments Disabled

Carl Schreck
RIA Novosti [1]
November 29, 2012

It has endured for more than two centuries amid technological revolutions, civil wars, and tectonic shifts in society and geography.

But the days may be numbered for America’s national postal service if the US Congress doesn’t act fast.

The US Postal Service (USPS), which predates the United States itself, is careening toward bankruptcy in the wake of a record $15.9 billion loss this year that has ignited fierce debate over the government’s role in preserving an iconic American institution.

“What we’re facing now is our own fiscal cliff,” US Postmaster General Patrick Donahoe said in televised comments Wednesday.

Full article here [1]

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URL to article: http://www.prisonplanet.com/us-postal-service-could-be-%e2%80%98stamped-out%e2%80%98.html

URLs in this post:

[1] RIA Novosti: http://en.ria.ru/politics/20121129/177806918.html

[2] Postal Service Is Nearing Default as Losses Mount: http://www.prisonplanet.com/postal-service-is-nearing-default-as-losses-mount.html

[3] U.S. Postal Service posts $1.9 billion loss, despite efficiency efforts: http://www.prisonplanet.com/u-s-postal-service-posts-1-9-billion-loss-despite-efficiency-efforts.html

[4] Here Comes “Going Postal” The Sequel: US Postal Service To Cut 120,000 Jobs To Avoid Bankruptcy: http://www.prisonplanet.com/here-comes-going-postal-the-sequel-us-postal-service-to-cut-120000-jobs-to-avoid-bankruptcy.html

[5] The Bailout Of The US Postal Service Begins: Cost To Taxpayers – $110,000 Per Union Vote “Saved Or Gained”: http://www.prisonplanet.com/the-bailout-of-the-us-postal-service-begins-cost-to-taxpayers-110000-per-union-vote-saved-or-gained.html

[6] The U.S. Postal Service Is Monitoring Your Snail Mail: http://www.prisonplanet.com/the-u-s-postal-service-is-monitoring-your-snail-mail.html

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