Washington (CNNMoney) – Congress is looking this week at ways to save the struggling U.S. Postal Service.
The Senate could start debating a bipartisan bill that offers buyouts to senior employees, cuts worker compensation benefits and makes it possible to end Saturday service in two years.
Go for it and what to you so long, congress actualy caused the problem like so many others, worst congress ever.
The Post Office was doing fine until 2006, when the Bush republicans made them fund their future retirement obligations for over $10 billion. There is no need to have them pay up to 50 years in the future, as no other business is required to do that. Like most things that republicans touch, their efforts created a financial crisis.
Why does it appear as if the GOP is trying eliminate the USPS, which would cause its' business to be handled by private industry? Don't they realize the impact that not having the USPS would have on many small businesses? The USPS serves areas, large areas, that private companies have traditionally avoided.
Bush /republicans have caused a 'near depression' with the post office, just like the economic meltdown of our country they are responsible for.
Republicans have a track record of ruining every thing they get their hands on.
Probably better for the post office to gear down within 10 years to just a passport agency. Time to break up the postal monopoly and let Fed Ex and UPS handle the mail. DHL is now owned by the German Postal Service. Maybe that's the answer? Let Fed Ex buy the USPS.
"The Senate could start debating a bipartisan bill that offers buyouts to senior employees, cuts worker compensation benefits and makes it possible to end Saturday service in two years."
Instead of ending Saturday service, why not end Monday service instead? Most people work Monday through Friday and can only get to the post office on Saturdays... and most holidays are on Mondays as well.
Congress already ruined it by mandating they pay 75 years advance into a retirement system. It was working fine without that. Now they will probably dismantle it, and keep the money to give to their wealthy buddies..
Same thing they'll do to Soc Sec - take what we've already paid and give it to the wealthy This republican House of Reps should NOT be allowed to make any rules. Vote the repubs and baggers out in 2012.
I heard on the radio this morning that they will wait until after their month long(? Seems like it at times) Easter recess.
Maybe they can gicve back the 8 billion dollars in pre-paid – maybe you will spend health care they have billed the USPS for. The Post office is pre-paid for 75 years! Why?
Who bailed out the pony express?
Who bailed out the tellagraph?
Who bailed out the telephone companies?
So why should we print even more money to bail out this dinasour??