Monday, August 8, 2011

US Post Office nearly broke again

The report on Friday from the US Post Office was masked by the downturn in the Dow Jones, but the report stated:

The US Postal Service warned on Friday that it could default on payments it owes the federal government...The government’s mail service said it lost $3.1 billion in the period from April to June, blaming “the anemic state of the economy” and the growing popularity of electronic communications over old-fashioned letters.

Well, the Feds should just cut them off.

$3.1 billion shortfall in the real world = YOU'RE FIRED!

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