Breitbart: “Inspector general David Williams, described as the “chief postal watchdog,” said the U.S. Postal Service (USPS) will go out of business this year unless Congress bails it out. In an interview with the Guardian, Williams said the postal service lost nearly $16 billion the last fiscal year, nearly $41 billion over the last five years, and has reached its $15 billion credit limit.”
In March of 2011 we were told Postal borrowing limit to be reached by end of FY 2011. Regardless of layoffs and less volume of mail the agency lost $2.2 Billion in the first quarter of 2011, unreasonably higher than the $1.6 Billion from 2010.
The reason why the Senate liberals would not produce a budget plan to counter the House passed Ryan bill was obvious. America’s finances were flooding the pool of debt faster than one could realize and they were not concerned.
The liberal pool of solutions included DOMA, increased taxes, green energy, citizenship for illegals, executive orders, weakened welfare requirements, and at the core, raising the debt ceiling.
The GOP must learn to approach the debt ceiling like mature adults. The GOP must learn to be more bipartisan. What do the people think? Which decisions over the last 4 years have not been liberal? Where have they gotten America? If more debt is the way why the hell won’t the Senate propose it? Save the Postal.
Think like a liberal. Maybe consider an internet surtax for online transactions, bills paid, banking… Destroy private enterprise to retain a failing government monopoly.
Obama now: “While I’m willing to compromise and find common ground over how to reduce our deficit, America cannot afford another debate with this Congress over how to pay the bills they’ve already racked up. To even entertain the idea of this happening, of America not paying its bills, is irresponsible. It’s absurd.”
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Related:
Breitbart- Inspector General: Postal Service Will ‘Cease to Exist’ Without Bailout
60 BILLS TO NAME POST OFFICES AND 0 TO FIX SERVICE: LIBS
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Posted on January 16, 2013
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