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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPost Office: Yet another manufactured crisis, brought to you by the Republican Congress.
In today's The New York Times columnist Joe Nocera tells it like it is about Republican machinations which have, over time, brought the post office to this hour of reckoning. The consequences will reverberate far and wide...
"Welcome to the week the United States Postal Service defaults on a major obligation. D-Day is Wednesday, Aug. 1, when the Postal Service is obligated, by statute, to make a $5.5 billion payment, money that is supposed to be put aside to prefund health benefits for future retirees.
"But, with less than $1 billion in the bank, the Postal Service announced on Monday that it would not be making the payment. It has a second payment, for $5.6 billion, due in September. Unless lightning strikes, it wont be making that one either..."
http://www.nytimes.com/2012/07/31/opinion/nocera-its-d-day-for-the-post-office.html?nl=todaysheadlines&emc=edit_th_20120731
Thanks for nothing, you pinheaded greedy, fearful Republican Bain Brains.
You have totally screwed up yet another American institution: the post office. This is your debt, Republicans.
Ptoooey...
BlueToTheBone
(3,747 posts)that the pukes have their greedy little hearts set on stealing it and giving our mail service to their friends. Good by mail service.
trotsky
(49,533 posts)Swooping in and relieving companies of their pension "obligations" is what he excels at!
Berlum
(7,044 posts)RepubliThink created this mess. RepubliThink can surely make it worse.
HiPointDem
(20,729 posts)glinda
(14,807 posts)expense of the public and the retirees and workers.
Berlum
(7,044 posts)As usual.