For years we’ve been pointing out the truth of the US Postal Service’s financial situation: the massive “losses” the service reports exist only on paper (and in the minds of the PMG and some politicians.) The losses have nothing to do with actual operations, and they don’t reflect any money changing hands- Congress created them, and Congress can make them go away.
It looks like the Wall Street Journal, the de facto voice of the Republican Party, agrees with us now:
The USPS has generated about $1 billion in operating profit so far this year, but that is before its approximate $5.5 billion required annual contribution for retiree benefits.
I don’t think you can get any more official than that, can you?
Read more: For FedEx and UPS, a Cheaper Route: the Post Office – WSJ.
From USPS News Link:
Anchorage, AK, Letter Carrier Doua Vang was on his route when he noticed a young boy walking alone in the middle of the street. Concerned for the child’s safety, Vang asked him where he lived. The toddler pointed to a nearby apartment complex. Vang escorted the boy back to the complex where the boy’s mother was looking for him. She said he had wondered off and thanked Vang for bringing him home
Read more: USPS News Link – Heroes Corner Archive – July 2014.
TEXARKANA, TX—A 35-year-old New Boston, Texas woman has been sentenced to 18 years in federal prison on a biological weapons charge in the Eastern District of Texas, announced U.S. Attorney John M. Bales and Assistant Attorney General for National Security John Carlin today.
On December 10, 2013, Shannon Guess Richardson pleaded guilty to an Information charging her with possession of a toxin for use as a weapon before U.S. Magistrate Judge Caroline M. Craven. Richardson was named in an indictment returned by a federal grand jury on June 27, 2013, charging her with threatening the President of the United States, mailing a threatening letter to New York City Mayor Michael Bloomberg, and mailing a threatening letter to Mark Glaze in Washington, D.C. Read More
London Assembly call on Mayor to protect universal postal service
The London Assembly passed a motion today (Wednesday) calling for Boris Johnson, Mayor of London to support the Communication Workers Union (CWU) campaign to protect the universal postal service and lobby the government to bring Royal Mail back into public ownership. Read More