News flash: USPS Warns it might run out of cash soon
Alan Robinson notes that a reporter has suggested that the US Postal Service might run out of cash come October- and be unable to meet it’s payroll:
US Postal Service tells @macfarlanenews : “possibility the American taxpayer will be on the hook” for postal worker paychecks come October
— Scott MacFarlane (@MacFarlaneNews) April 15, 2013
The report was apparently based on comments made at a recent “Industry Focus Group”.
In a related item, the Cleveland Plain Dealer reported that the Postmaster General told Congress that “the post office will run out of money this year unless it gets help… as he sought permission to cut delivery to five days a week.”
Before you get too excited about the PMG’s dire warning (or reporter MacFarlane’s “scoop”), I should tell you that the PMG who issued that warning wasn’t Pat Donahoe- it was Jack Potter, and the Plain Dealer story is from 2009.
And they wonder why their warnings aren’t taken seriously?