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View Diary: House funding bill prevents cutoff of Saturday mail delivery (31 comments)

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  •  You don't really want that. Checks and money... (8+ / 0-)

    orders flow through the mail everyday as well as merchandise! You take out 2-3 out of the postal service and you will see another slowdown in how fast money moves through the economy. Yes, electronic fund transfers (EFT) and credit card transactions are happening more often. However, you're at least a generation off before being able to implement a complete electronic process.

    Another issue. Those of us with small businesses receive Purchase Orders with corporate credit card info via the USPS. If my company receives such on a Saturday, we process it that Saturday. Thus money has been put into the economy faster because Saturday was available. The post office is a government agency. As such, it's not a profit driven private business. It's a constitutionally mandated service.

    While not all republicans are bigots, all bigots are republicans.

    by Maximilien Robespierre on Thu Mar 07, 2013 at 09:44:10 AM PST

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    •  It also produces a profit (2+ / 0-)
      Recommended by:
      JesseCW, avsp

      $900 million in 2006 before the pension funding law took effect.

      I'm living in America, and in America you're on your own. America's not a country. It's just a business.

      by CFAmick on Thu Mar 07, 2013 at 10:09:44 AM PST

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      •  I'll assume for the moment that your 2006 (0+ / 0-)

        figure is correct.  However, last year they ran a deficiti of, I believe $15 or $16 billion, and "only", I believe, $6 billion of that was due to the pension pre-funding requirement.  That was on, I believe, $65 billion worth of revenue.  

        I'll try to find the link for these figures because it was all in one article I read.  There is a chance though that the deficit due to pre-funding was $10 billion and not $6 billion.

        We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

        by theotherside on Thu Mar 07, 2013 at 10:53:46 AM PST

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        •  Looks like my memory was fairly spot on (0+ / 0-)

          Here's the article that I was recalling.

          http://blogs.reuters.com/...

          So, since the operating deficit was around $10 billion last year, how would you propose to bring it into balance (we'll just assume that the pre-funding requirement is abolished)?  I favor a "balanced" approach.  Which means service cuts and possibly some rate hikes.  But you have to be careful about rate hikes because you don't want to destroy demand.

          Anyway, as I've said before, cutting one day of service is a "no brainer" in my book and is far from what is needed as I believe that would only close 20 percent of the gap.

          We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

          by theotherside on Thu Mar 07, 2013 at 11:03:58 AM PST

          [ Parent ]

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