http://thehill.com/homenews/adminis...use-moves-to-save-postal-service-from-default Would this technically count as a US government default?
Would it count as a government default? hmmm you would think so. They will find a way to keep it afloat like everything else .
The postal service is what tied the nation together throughout it's history. To me the USPS is more iconic than the Capital building. It is inconceivable that the postal service could fail, that would rock American society to the core. 167 billion articles of mail per year delivered - what would America look like if those items never got sent?
Its an independent agency, so probably not. AFAIK, the U.S. government isn't actually required to fund it.
No idea, but it doesn't bode well either way when a country's postal service fails. Does it matter if the U.S. government doesn't (technically) default of its debt if you can't post letters any more?
Postmaster General Patrick Donahoe said at the same hearing that pushing the $5.5 billion payment for future retiree healthcare costs back to the end of the year would give USPS some financial breathing room. Mr Charles Ponzi was also I the postage business
They will probably get foreign nations who send mail to the US to pay for USPS as a necessary part of doing business with the USA. In the same way that we, the taxpayers, are paying for significant construction/expansion of our bases when "co-incidentally" Australia has signed a deal with the USA that allows the yanks to "share" our bases. Certainly a cheaper option than the yanks building their own bases overhere. The US is the only nation that we (Australians) have to pay an additional postage cost to, on items over 500 g in order to pay for the US costs of parcel security handling. WE are paying for THEIR domestic security costs. What a joke.
I agree, this is REALLY bad news... a major milestone. Can't wait to see what Alex Jones and Gerald Celente will make of this.
I got my money on SocGen going under first, i literally have my money on it Either them or some some German bank.
All the profits in national postal systems went to the private package carriers years ago... since the rise of the digital age (texting, emails etc) I'm not sure what future a snail mail service really has.
There was a good add that went along the lines of "some things just cant be emailed" Had the driver holding a carton. There is also legal letters and most importnatly who would derliver the domino's coupons???
One of the problems with USPS is they don't charge enough. I sent a package from west coast of Canada to east coast Canada and it cost me $13.50, I sent another package from west coast of the US to east coast US and it cost only $2.51!!! Both items arrived in the same time with tracking etc and both items had the same value.
