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Re: Change 

By: ribit in FFFT3 | Recommend this post (1)
Mon, 07 Dec 15 10:24 PM | 78 view(s)
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Msg. 17594 of 65535
(This msg. is a reply to 17590 by oldCADuser)

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...the problem with the post office is the same as chicago, detroit and every other democrat run city who's pension plan is going bankrupt. They have promised and spent their way into a hole and there's no way out but to cut benefits or default on benefits.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!




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The above is a reply to the following message:
Re: Change
By: oldCADuser
in FFFT3
Mon, 07 Dec 15 10:31 AM
Msg. 17590 of 65535

The issue with the Post Office and their so-called "financial trouble" is the work of Bush-era Republicans in Congress wishing to privatize the postal service and at the same time do away with the largest public employees union in the country. While it is true that how mail and packages are being delivered in this country has had some big changes, but if it weren't for the fact that they are being forced to PRE-FUND, over a period of 10 years, the pensions and retiree healthcare costs for employees, some of whom have not even been born yet, out 75 years from the day the law was enacted. No other organization, private or public, is being forced to pre-fund their pensions and retiree healthcare of all future employees out 75 years. If you did that to say GE or AT&T or for that matter, the military services, they would be in financial trouble as well, but NO, ONLY the Post Office has been burdened with this requirement. And it's being done this way so as to force the insolvency of the Post Office since it can't actually be privatized for any other reason since it's the ONLY agency that was founded as the result of a Constitutional provision.

For some insight into this issue, go to:

http://deliveringforamerica.com/resources/PreFundingFactSheet_final.pdf

http://www.nalc.org/government-affairs/body/2015-pre-funding-fact-sheet.pdf

http://www.uspsoig.gov/blog/be-careful-what-you-assume


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