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Old 03-31-2009, 10:57 AM   #5
Steve_A
Project Avalon Moderator
 
Join Date: Sep 2008
Location: Northeastern Brazil
Posts: 1,259
Default Re: Another Bailout Looming on the Horizon?

Hi peaceandlove,

In the UK there is a saying, "What goes around, comes around".

Do you think that we could be coming to the age of the 'Pony Express' again.

It would be great to see this as a cost cutting measure. I'm also sure the carbon gasses will be greatly reduced, however horse kak would become somewhat of a problem, especially with the larger parcel carriers.

Best regards,

Steve




Quote:
Originally Posted by peaceandlove View Post
Post #4 Mainstream Media Bailout Bill Introduced 3/28/2009


Postal Chief Says Post Office Running Out of Money

Last week, the post office said it planned to offer early retirement to 150,000 workers and is eliminating 1,400 management positions and closing six of its 80 district offices in cost-cutting efforts. Potter said he expects 10,000 to 15,000 workers to accept the early retirement offer.

Mar 25 02:09 PM US/Eastern

WASHINGTON (AP) - The post office will run out of money this year unless it gets help, Postmaster General John Potter told Congress on Wednesday as he sought permission to cut delivery to five days a week.

"We are facing losses of historic proportion. Our situation is critical," Potter told a House panel.

The agency lost $2.8 billion last year and is looking at much larger losses this year. Reducing mail delivery from six days to five days a week could save $3.5 billion annually, Potter said.

Potter also urged changes in how the post office pre-pays for retiree health care to cut its annual costs by $2 billion.

If the Postal Service does run out of money, the lingering question, Potter told the House Oversight post office subcommittee, is which bills will be paid and which will not. Ensuring the payment of workers' salaries comes first, he said, but other bills may have to wait.

Article continues: http://www.breitbart.com/article.php...show_article=1
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