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Postal service bailout - $4 BILLION
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MobileTerminal
September 24, 2009, 10:21am Report to Moderator
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Democrats moved Thursday to give special relief to the financially strapped Postal Service, which would be allowed to defer $4 billion in payments due at the end of this month to cover retirement benefits for its employees.

Republicans protested the bailout but made no significant effort to block the provision, which has now been attached to a stop-gap spending bill slated to come before the House and Senate in the next week.

Proponents of the language argued that the House has previously endorsed equivalent relief for the Postal Service, which faces a $5.4 billion payment to the retirement fund at the end of this month. House and Senate Appropriations Committee staff said the language now would reduce that payment to $1.4 billion, helping the Postal Service deal with its cash problems but also exposing the government at least temporarily to the $4 billion difference.

This potential impact on taxpayers is controversial, and the whole handling of the issue is seen by many as a parliamentary sleight-of-hand.



Read more: http://www.politico.com/news/stories/0909/27513.html#ixzz0S2e8NBVZ
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Shadow
September 24, 2009, 10:35am Report to Moderator
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This administration is giving away money as if we had it and it won't be long with the government printing more and more money b4 the dollar is so devalued that it won't be worth anything.
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bumblethru
September 24, 2009, 11:15am Report to Moderator
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Ahhhhh.....the postal service.....yet another failed government take over program!!!! And they want to take over health care? If they are bailing out their very own creation.....what the hell will happen in years to come with health care? This is absolutely ridiculous to say the very least!!!!


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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Salvatore
September 24, 2009, 1:27pm Report to Moderator
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one of the roughest jobs to do here and you want to knocjk the mail men and I can tell you from personal experience it is the hardest of the job next to police and fire and teacher to so SHUT UP RIGHT WINGGERS
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Shadow
September 24, 2009, 2:50pm Report to Moderator
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Don't worry Sal your welfare check will be on time.
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senders
October 4, 2009, 6:35pm Report to Moderator
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Quoted from 191
one of the roughest jobs to do here and you want to knocjk the mail men and I can tell you from personal experience it is the hardest of the job next to police and fire and teacher to so SHUT UP RIGHT WINGGERS


Sal the 'problem' is lack of foresight, and the coveting of votes........I'm not saying it's an easy job---it's just
out of date....and this has been coming since the 80's.....are you ready?


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

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