Postal Service Reports Billions in Losses

May 11th, 2011

Via: AP:

The Postal Service is continuing to hemorrhage money, reporting a loss Tuesday of more than $2 billion over the first three months of the year and warning it could be forced to default on federal payments.

Such a default would not interrupt mail service to millions of Americans, but it could further hobble an agency struggling with a sharp decline in mail because of the Internet and a tough economy.

Posted in Economy | Top Of Page

3 Responses to “Postal Service Reports Billions in Losses”

  1. spongeluke says:

    bucket– meet drop

  2. steve holmes says:

    I see just about zero purpose for having a postal service. The sheer volume of subsidized junk mail everyone gets ought to tell congress to rethink the concept.

  3. Eileen says:

    Might be a drop in the “bucket” but I refuse to pay bills on line. Its just another way to cut human jobs. Period.
    Just like at the grocery store, there are people who I talk to in line waiting for the human to check us out. We are waiting in line and don’t give two shi*ts for waiting because we refuse to use the self check out because it means its another job lost.
    Can’t believe how many elderly get this. Its right. It is a form of protest.
    Won’t fix the post office, but I refuse all paperless bill paying, etc. I’ve been on the receiving end of people paying with paper, and it was a job.
    While speculation on my part entirely, I imagine hese “paperless” jobs are not kept here in the U.S. but farmed to some grateful human in India or China more than happy to post payments for 50 cents an hour. When electronics are involved, its hard to tell who gets what.
    Anyways, I refuse to be a part of this electronic maze of paperless this, that and the other. These cost costing m’effers are succeeding in sending most of the U.S. of A into a no-nothing hole where no one has any money or nothing to do. I hope to be one of those who refuse to partipate in this electronic stealing of jobs from the US. I go to the oost office more that anyone he knows a coworker told me the other day. Human contact is highly under-rated these days.

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