In any case, the USPS shouldn't default. They can just tell their creditors that the check is in the mail. Ed O.
Loose with the facts my ass. "Yesterday, the United States Postal Service admitted that it will miss a legally required $5.5 billion payment toward pre-funding its promised health-care benefits for retirees." They have to fund retirees who aren't born yet! They should not be legally required to do that. Point blank.
You've been proven wrong plenty. If there is a left wing Rush Limbaugh, you could be his parrot. The USPS doesn't have to fund anything for people not born. Get back to us when you understand the facts. Like who were the cosponsors again? Lol.
Not really. This is the basis for moving off tradional health care plans and shoving people to Obamacare, and eventually towards the President's stated goal of a single payer national healthcare system. That said, I would think the unions would be protesting this non payment.
The President has never advocated for a single payer system. Show me a quote. This also has nothing to do with the fact that RETIREMENT plans have to be prefunded.
You asked to be proven wrong. I can't find much you are right about. U linked you to the legislation. It was not an amendment. You are wrong on this as well as funding people not born yet, the article explaining the finances being an opinion piece, that other businesses don't have similar expenses (25% do!), etc.
Thinking for myself would be a Liberal thing to do. Just because I don't agree with you and think you are completely wrong, doesn't mean I'm not thinking for myself. BTW you SPEAK talking point. That is your language.
just watched that, so the things I came away with is the overview is that the USPS is broke, they want the overpayments to create some reason for the USPS to exist, USPS unions want big business to subsidize services for small business...not impressed with the dirrection, blames non traditional comunication and the down turn in the econemy. Bush era mandated that they prepay their system as to not skip out and hand the bag of shit to the fed..not a bad peice.
Lol. Thinking for yourself means once you understand how legislation is passed, the crap you cite cannot possibly be truthful. No amendment can become law. Get it? Amendments alter the text of some part of a proposed Bill. No Bill can become law unless passed by both house and senate. It must be the exact same text, too. So every fucking democrat in both houses voted yes on that BILL. If even one didn't like it, they'd ask for a roll call vote instead of allowing a voice vote. Get it? The USPS has been cruising for disaster all along. They promise to pay the workers' retirement, but aren't funding it. This is almost exactly how Enron fucked over its employees. The USPS is being required to pony up $20B in payments to the workers' retirement fund so it will for sure pay the benefits. If you think the payments now are hurting them, the payments in a few years will make these seem small. And you cannot treat cash flow as if it were profit. You are spending money today that should be set aside for a future expense. That's accounting 101.
Clearly, you have not read what you are debating. Bone up at least a tiny bit on the topic so you can at kleast appear more coherent in your blithering nonsensical gibberish.
Clearly you don't understand the issue in the least. The USPS is required to fund the benefits packages for the current employees and for each new employee as they're hired. Not for someone not born yet. I have no idea where you guys come up with this garbage.
