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US Post Office Facing Default...AGAIN, as UNIONS Continue to Decimate America

he United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances.Enlarge This ImageJustin Sullivan/Getty ImagesLabor represents 80 percent of the agency's expenses.Graphic[url=]The Postal Serviceâ


Added: Sep-5-2011 Occurred On: Sep-5-2011
By: yorba
Tags: US Postal Service, Mail, default, government ineptitude, unsustainable debt, pensions, unions
Location: Washington, District of Columbia, United States (load item map)
Views: 4602 | Comments: 76 | Votes: 2 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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