The Postal Service will run out of cash within a year, Postmaster General warns: “We have to have a conversation with the American public”
Source: fortune
The Postal Service will run out of cash within a year, Postmaster General warns: “We have to have a conversation with the American public”
Source: fortune
30 Comments
My impression is that conservatives are always fucking with USPS under the guise of helping when actually they make everything worse.
Of course, they have to make sure the Postal Service is broken before mail-in ballots can be properly distributed and collected later this year.
Crazy that the service that has been required to have the money to prefund the retirement of people who aren’t even born yet is running out of cash. Who would have thought.
> “We have to have a conversation with the American public,” Steiner said. “If you want us to deliver everywhere, every day, we’ll do it. That’s not a problem. But who is going to pay for it?”
Idk, USPS is basically a glorified Amazon delivery service at this point, maybe Bezos could chip in?
Just kidding. We will – on top of your Prime subscription to enjoy “free” shipping in the first place.
I don’t understand why anything that operates at a deficit is viewed as unnecessary by this administration. Can the postal service be optimized and modernized? Yes. Is it a necessary public service that will never make a dime? Also yes.
“But hey, at least we owned those libs! Let me tell you now about how I never liked USPS anyway and FedEx has ALWAYS been better”
This is part of the big push to privatize the USPS
We’re spending a billion a day in Iran.
Trump and his loyalists are breaking the postal service so they can “justify” “privatizing USPS for better efficiency.”
The real truth is they’ll give fat government contracts to their big money “donors” and make even more millions off insider trading.
Straight up sucker pitch because they think we’re stupid and can’t see their continuing pattern with this bullsh*t.
Two words, for the cheap seats: POSTAL. BANKING.
It was the solidest civic establishment ever conceptualized by the American experiment and it was killed in favor of donors from Big Banking. It was a flawless system. It allowed Americans to interact in the financial system in a perfectly walled garden. All the investments were into federal bonds and projects. It was, in a word, ideal.
It kept the postal service well-funded, it allowed rural communities to have modern banking amenities without selling real estate to outside firms, and it kept the mechanism of investment removed from market speculations based entirely on false valuations in the NASDAQ or DOW.
It’s a service, not a business so we don’t need to make money on it. We need to spend money on it. STOP pretending the country is a business.
This guys been sabotaging the postal service for years. The secret should’ve always been out on this guy. He was planted to destroy it and allow private carriers take over so if a dictator in office doesn’t like what’s on your mail, he can tell the company to do whatever he wants.
Republicans have been trying to kill the USPS for ages. The reason they’re running out of money is Republicans passed a law that the USPS has to fund retirements before anyone retires.
Fuck this FedEx stooge
The US Postal Service is not supposed to make money. Its a friggin service.
How about we just fully fund USPS, instead of dropping a $30-million smart bomb on a single pickup truck in Iran?
This have been the plan since 2016.
Bankrupt the post office so it can be privatized under the guise of “the gov can’t afford it.”
Just another scheme for billionaires to steal more tax money and have control over people.
It was never supposed to be a fucking money making business you fascist shit stains
It’s not a fucking business. It’s a service. It should be funded as such. Fuck the GOP and their bullshit trying to kill the USPS so their private business backers can get richer.
Conservatives gutted the postal service so they could fuck with mail-in voting.
“We gutted the Post Office and tried to line our pockets by paying our friends to provide lower quality services at higher prices and treat it like their very own cash cow, and now we need you, the American taxpayer, to let us liquidate the assets and pivot to a different money making venture that will make us more money in the long run at your expense. Thank you for your attention to our grift.”
USPS is constitutionally mandated service, find the money. Although this has been a LONG time coming, Republicans put systems in place to break it. This isn’t a concern, this was an expected outcome.
USPS is not supposed to be a fucking profit center for the federal government so that Trump can cut taxes for his billionaire slimeball friends.
USPS is infrastructure. It can only “run out of cash” if the government refuses to fund whatever it needs above and beyond its costs.
Funny you never hear Republicans complain that the Pentagon is at risk of “running out of cash” because THE GOVERNMENT PAYS FOR IT. [In fact:](https://www.commondreams.org/news/trump-pentagon-budget)
> Pentagon Doesn’t Even Know What to Do With Extra $500 Billion Trump Wants to Spend
If USPS “runs out of cash,” it’s because Republicans decided to kill municipal mail delivery for America, and to allow that government function to be 100% privatized so that their rich buddies in UPS and FedEx can raise rates through the roof.
Then fucking fund it. We have endless money to turn middle eastern children into ash, but can’t fund an essential and important service to America? I hate our “leaders”. Epstein class needs to go.
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Manufactured crisis. Post office is a service that our taxes pay for. It should be funded, period.
Just increase taxes on the 1%. Problem solved.
This is their plan to privatize the post office. It was never made to make money!
The USPS is a service. It’s enshrined in the Constitution. It is literally *supposed* to cost money because the function it serves (postal delivery for all people regardless of status) is considered necessary and vital to a functioning democracy.
Republicans made the Postal Service have to find itself 85 years into the future. It’s not running out of cash. It’s a deliberate mishandling.