IaNsSyAlNuE
11-16-2009, 05:18 PM
Postal Service reports $3.8 billion loss
Even after eliminating 40,000 jobs they are still running a very LARGE deficit. Still talk of eliminating Saturday delivery.
They also reduced payments to retiree health benefits by 4 billion dollars last year. 4 billion not paid by the government for benefits that were supposed to be paid the government.
This is the third year in a row that the agency has posted a loss; it lost $2.8 billion in fiscal 2008, and $5 billion in 2007. The USPS is a self-supporting government agency that receives no tax dollars. It relies solely on the sale of postage and products and services to generate sales.
http://money.cnn.com/2009/11/16/news/companies/US_postal_service/index.htm
Even after eliminating 40,000 jobs they are still running a very LARGE deficit. Still talk of eliminating Saturday delivery.
They also reduced payments to retiree health benefits by 4 billion dollars last year. 4 billion not paid by the government for benefits that were supposed to be paid the government.
This is the third year in a row that the agency has posted a loss; it lost $2.8 billion in fiscal 2008, and $5 billion in 2007. The USPS is a self-supporting government agency that receives no tax dollars. It relies solely on the sale of postage and products and services to generate sales.
http://money.cnn.com/2009/11/16/news/companies/US_postal_service/index.htm