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(The New York Times)   Postal Service Reports $1.9 Billion Quarterly loss. Ben Gibbard distraught   (nytimes.com) divider line 30
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2379 clicks; posted to Main » on 09 May 2014 at 10:55 PM (19 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

2014-05-09 09:27:28 PM
8 votes:
Congress's plan to kill a constitutionally mandated service appears to be working. Why does Congress hate the Constitution?
2014-05-09 11:11:09 PM
6 votes:
Meh. Thats been the rumor for ages. Its honestly due to a congressional requirement to pay 75 years worth of pentions ahead of time.
http://blogs.reuters.com/felix-salmon/2012/07/20/how-congress-is-kil li ng-the-post-office/
http://www.cnbc.com/id/45018432

According to the National Association of Letter carriers, we're actually something along the lines of two BILLION above expenses a year.  Meaning, we aren't borrowing money from congress, we're simply not paying people who aren't born yet.
2014-05-09 11:34:26 PM
5 votes:

whatshisname: It's a make work program for the unemployable.


The post office employes a ton of people and pays decent middle class wages. UPS starts at like $8.50 an hour, hires part time people to avoid paying full time benefits, and they're constantly working on "efficiency" so they can employ fewer people which boosts their stock price, creating "shareholder value."

USPS has no shareholders, so even though they're turning a profit, Congress has enacted draconian pension legislation to make it appear on paper like the post office is losing money, which will allow them to justify gutting it later, laying off people, slashing salary and benefits, and destroying middle class jobs so those people can go move packages in a UPS warehouse for near minimum wage.

We have to create more wealth for a small percentage of the country on the backs of the middle class. And right here, whatshisname shows us the mindset that's driving it.
2014-05-09 11:07:00 PM
4 votes:

Lsherm: fusillade762: Congress's plan to kill a constitutionally mandated service appears to be working. Why does Congress hate the Constitution?

The postal clause does not mandate a postal service.  It's an enumerated power of congress that they have the power to regulate the postal service, including defining mail routes and designating areas for post offices.  It does not have to be a public agency (it's not) and it could be shunted off to the back of 7-11's nationwide if congress so wished.

The postal clause authorizes the creation of a postal service, it does not mandate it.


Congress is also authorized, but not required, to fund an Army, but you never hear that argument applied to the Army.
The postal service is really a form of infrastructure. Every other civilized nation has one, there isn't any good reason to hand it all over to other providers that won't do what the USPS does.
2014-05-10 02:20:27 AM
3 votes:
Congress mandated that the Post Office forward fund future pension obligations for the future 75 years, for the employees that will (but not currently) hired. Or as somebody above said, even born today.

No other private or public organization suffers under such mandate.

It's partisan bullshiat at work.
2014-05-09 11:07:13 PM
3 votes:
I can never understand why the US Postal Service still delivers on Saturday. Who the hell needs mail on Saturday?
2014-05-09 09:24:24 PM
3 votes:
Because a government service which is about as old as the country itself is not allowed to operate without a profit motive. This is why the Marines refused to take out the pirates at Tripoli and why the State Department doesn't have an embassy in Iceland.
2014-05-10 09:48:35 AM
2 votes:
So its OK to blow $700b a year on a military, but supporting our economy in a hundred different ways by moving letters and goods around our country isnt worth $8b a year.

Got it.
2014-05-10 02:03:49 AM
2 votes:
Being the Postal Service sucks.

You have zero autonomy.  You can't raise prices.  You can't streamline operations.  You can't reduce your unprofitable coverage areas.  You can't even cut costs or lay people off.  You can't do jack-all without Congressional approval, and Congress is run by people who refuse to help fix you because they want a dysfunctional government agency as a rhetorical foil to prove why government agencies don't work.

I'm not sure why anyone accepts a job as Postmaster General.
2014-05-09 11:26:37 PM
2 votes:
Looks like the Republican plan to hand over more public services to their buddies at UPS and FedEx for massive profit is working out great.
2014-05-09 11:19:24 PM
2 votes:
Hmmm, maybe if they stopped that whole prepayment to fund for health benefits for future retirees thing they might actually turn a profit....
2014-05-10 12:30:28 PM
1 votes:
I used to use Fedex exclusively, after talking to my mail carrier a bit I switched to USPS - it gets there slighty faster, slightly cheaper, and I feel better about supporting vital infrastructure. I only use UPS for things that my customers want shipped out by drone tank, simply because the UPS office is within drone tank range.

/drone tank
// https://www.youtube.com/watch?v=urs68vf7ZFY
2014-05-10 09:12:37 AM
1 votes:
No. It's not a loss. It's how much they spent providing a valuable service.

How much profit does the Marine Corps make? The fire department? How about the public school system?

Not everything needs to have a profit motive.
2014-05-10 08:46:17 AM
1 votes:

King Something: Because a government service which is about as old as the country itself is not allowed to operate without a profit motive. This is why the Marines refused to take out the pirates at Tripoli and why the State Department doesn't have an embassy in Iceland.


FTA: the Postal Service owes $99.8 billion in benefit payments to its current and retired workers, including $16.7 billion of congressionally mandated payments into a future retiree health care fund. A 2006 law requires the service to fund its future retirees' health benefits, amounting to a $5 billion payment each year for 10 years.

That's why the Postal service posts annual losses these days; because Republicans in Congress have mandated it fully fund its future health benefits for employees in the present(defeating the entire purpose of amortization while also, conveniently, stuffing the Post Office full of Public Revenues to be looted when they finally manage to get the service privatized). If the Post Office were allowed to be run like any other Public Service or Semi-Public Entity(think your local transit service) it'd be doing the equivalent of turning a profit(public businesses rarely report making money, but this is a matter of politics rather than efficient management; If an agency doesn't use all of its budget and revenue for a year Legislatures often respond by cutting its budget and taking its revenue[usually to give it to some well connected shiatheel], so public agencies need to spend pretty much everything they make before the end of fiscal year just to keep their service level where it is), but the Republicans in Congress have literally made it illegal for them to do that because 1)they don't want the Post Office being a clear example that the Gov can run a large scale service well and 2)lots of Republican backers want to loot the service.

We see the same thing with Legislative meddling in Amtrack. They cut their maintenance budget to the bone to increase the likelihood of accidents then blame the agency when it happens; they appoint people they view as industry friendly apparatchiks to run it and then fight like devils to get rid of them with they don't play ball with dismantling it; and frequently require it to provide services no other transit business has to and which they believe can't possibly be profitable, only to get pissed off when Amtrak manages to fulfill those obligations and stay within budget.

Tl:dr: Republicans are bastards, and if a gov program has problems, it's probably because Republicans fought tooth and nail to create those problems in the first place.
2014-05-10 08:11:51 AM
1 votes:

grimlock1972: Lsherm: Revmachine21: Congress mandated that the Post Office forward fund future pension obligations for the future 75 years, for the employees that will (but not currently) hired. Or as somebody above said, even born today.

No other private or public organization suffers under such mandate.

It's partisan bullshiat at work.

They did that because the USPS hadn't funded their pensions properly and their plan of counting on an ever-expanding postal service to cover the spread in the future was flat-out not going to work.  Traditional pension programs used current employees to pay for current retirees.  That doesn't work if your total workforce is shrinking.

But it doesn't matter - the USPS hasn't made that payment in three years, and they are still losing money.  They have a larger issue than not just being able to cover their own promises to labor pensions, they are barely breaking even making payroll.

The liberal plan for the post office seems to be ignoring the pension problem until there has to be an unprecedented bailout, and the conservative plan seems to be to kill the USPS before they can make good on the pension plan.  Either strategy leaves the employees farked.  Postal rates need to be grossly adjusted upward just to cover existing promises, and the labor force still needs to shrink.

That's part truth but a heavy level of bullshiat as congress mandated the post office prefund for too many years ahead in too little time despite irrefutable evidence it would not work.

The want it to fail so they can pass a law giving the mail to UPS or Fed ex or both.



http://www.pbs.org/wnet/need-to-know/five-things/the-u-s-postal-serv ic e/11433/

Actually, it would cost something like 8.95 for UPS and FedEx to deliver letters. I heard a  rumor that UPS did a cost analysis, and it would be upwards of 15.00 for a single letter, just across the street.

Hell, i just did it for a .3 pound package, and the only service they will offer me is 2nd day air.  It was 16.95, for something .3 pounds.

what were you saying about them doing it for less?
2014-05-10 05:07:23 AM
1 votes:

Lsherm: Revmachine21: Congress mandated that the Post Office forward fund future pension obligations for the future 75 years, for the employees that will (but not currently) hired. Or as somebody above said, even born today.

No other private or public organization suffers under such mandate.

It's partisan bullshiat at work.

They did that because the USPS hadn't funded their pensions properly and their plan of counting on an ever-expanding postal service to cover the spread in the future was flat-out not going to work.  Traditional pension programs used current employees to pay for current retirees.  That doesn't work if your total workforce is shrinking.

But it doesn't matter - the USPS hasn't made that payment in three years, and they are still losing money.  They have a larger issue than not just being able to cover their own promises to labor pensions, they are barely breaking even making payroll.

The liberal plan for the post office seems to be ignoring the pension problem until there has to be an unprecedented bailout, and the conservative plan seems to be to kill the USPS before they can make good on the pension plan.  Either strategy leaves the employees farked.  Postal rates need to be grossly adjusted upward just to cover existing promises, and the labor force still needs to shrink.


That's part truth but a heavy level of bullshiat as congress mandated the post office prefund for too many years ahead in too little time despite irrefutable evidence it would not work.

The want it to fail so they can pass a law giving the mail to UPS or Fed ex or both.
2014-05-10 02:03:45 AM
1 votes:

whatshisname: I can never understand why the US Postal Service still delivers on Saturday. Who the hell needs mail on Saturday?


Apparently people who buy cheap ass retro video games, because I guarantee you many of my customers are super happy to be getting their orders two days earlier. And frankly I'm happy they're getting them faster. I ship on Saturdays as well, most of the time.

Believe me, our postal service is pretty good compared to other countries. I send stuff out internationally and about 30% of the time the buyer has to wait a really long time to get their package due to 'Customs'. Sure. Customs. Riiiight.
2014-05-10 12:56:24 AM
1 votes:

whatshisname: I can never understand why the US Postal Service still delivers on Saturday. Who the hell needs mail on Saturday?


We purchasers of goods from Amazon. Sunday too.
2014-05-10 12:33:29 AM
1 votes:

simrobert2001: Meh. Thats been the rumor for ages. Its honestly due to a congressional requirement to pay 75 years worth of pentions ahead of time.
http://blogs.reuters.com/felix-salmon/2012/07/20/how-congress-is-kil li ng-the-post-office/
http://www.cnbc.com/id/45018432

According to the National Association of Letter carriers, we're actually something along the lines of two BILLION above expenses a year.  Meaning, we aren't borrowing money from congress, we're simply not paying people who aren't born yet.


Nonsense. Shouldn't we record pension expenses when we promise them?
2014-05-10 12:10:06 AM
1 votes:

ongbok: whatshisname: ongbok: whatshisname: I can never understand why the US Postal Service still delivers on Saturday. Who the hell needs mail on Saturday?

A lot of businesses depend on Saturday service.

Which ones?

Anyone that is open on Saturday. Plants get parts delivered to them on Saturdays. When I worked at Chase the credit card payment department said half of the payments came in to them on Friday and Saturday.


Everyone would adjust,  there's no weekend mail in USA's hat and people get along without it.

The processing centers are operating all weekend though,  it's just not being delivered to it's final destination.
2014-05-09 11:57:38 PM
1 votes:

whatshisname: I can never understand why the US Postal Service still delivers on Saturday. Who the hell needs mail on Saturday?


People getting their crap sent via UPS Basic or Fedex Smartpost
2014-05-09 11:53:32 PM
1 votes:
I'm perfectly happy to pay $25 per year for access to the ability to deliver a letter or package to any human being in the entire country.
2014-05-09 11:46:27 PM
1 votes:
What this all boils down to is that private equity wants to stick its blood funnel into the postal service.  When they are done with it, they'll dump the dessicated corpse back on the public.
2014-05-09 11:44:03 PM
1 votes:

Sudo_Make_Me_A_Sandwich: whatshisname: It's a make work program for the unemployable.

The post office employes a ton of people and pays decent middle class wages. UPS starts at like $8.50 an hour, hires part time people to avoid paying full time benefits, and they're constantly working on "efficiency" so they can employ fewer people which boosts their stock price, creating "shareholder value."

USPS has no shareholders, so even though they're turning a profit, Congress has enacted draconian pension legislation to make it appear on paper like the post office is losing money, which will allow them to justify gutting it later, laying off people, slashing salary and benefits, and destroying middle class jobs so those people can go move packages in a UPS warehouse for near minimum wage.

We have to create more wealth for a small percentage of the country on the backs of the middle class. And right here, whatshisname shows us the mindset that's driving it.



Indeed.  Why should the rich have to fight for their theft?  Plenty of plebs out there willing to do it for them for free.
2014-05-09 11:37:07 PM
1 votes:

Boo_Guy: Reduce overhead by not making/using stamps anymore.

[img.fark.net image 498x365]


This Sabrina sounds pretty hot for the sender to go out of his way like that.
2014-05-09 11:35:33 PM
1 votes:

whatshisname: I am a farking idiot. can never understand why the US Postal Service still delivers on Saturday. Who the hell needs mail on Saturday?


ftfy
2014-05-09 11:24:06 PM
1 votes:
I was sure they lose money because they forced to take out a big lone to deposit for pensions ?  and that was a the paln of the big movers like DHL, UPS ect. who lobby for it
2014-05-09 10:57:47 PM
1 votes:
I guess we need to do what they already did in the UK, privatize the post office.

Do some google searching and see how it's working out for them.
2014-05-09 10:25:31 PM
1 votes:

fusillade762: Congress's plan to kill a constitutionally mandated service appears to be working. Why does Congress hate the Constitution?


The postal clause does not mandate a postal service.  It's an enumerated power of congress that they have the power to regulate the postal service, including defining mail routes and designating areas for post offices.  It does not have to be a public agency (it's not) and it could be shunted off to the back of 7-11's nationwide if congress so wished.

The postal clause authorizes the creation of a postal service, it does not mandate it.
2014-05-09 09:26:01 PM
1 votes:
When is Ben gibbard not distraught?
 
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