Stupid UPS & USPS delivery system

Akheloce · Jun 25, 2013

Yard Dart said: ↑

Good luck in your delivery...try not to shoot the delivery man!! USPS is just one more of the broken divisions wasting tax payer dollars
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The USPS has not spent taxpayer dollars in 30 years. (Except voter forms)

Yard Dart · Jun 25, 2013

Akheloce · Jun 26, 2013

Yard Dart said: ↑

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You don't believe me? It's true, look it up. Congress can mandate postal rates and how they spend their money, but, by law, they are self funded.

Yard Dart · Jun 26, 2013

Akheloce said: ↑

You don't believe me? It's true, look it up. Congress can mandate postal rates and how they spend their money, but, by law, they are self funded.
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Sorry, my BIL is a postal employee.... a good waste of tax or other dollars... and he part of the bright bunch of guys I met at his shop....

Akheloce · Jun 26, 2013

Yard Dart said: ↑

Sorry, my BIL is a postal employee.... a good waste of tax or other dollars... and he part of the bright bunch of guys I met at his shop....
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Well, my Dad is an executive with USPS (as if relations matter), and BY LAW, taxpayer dollars cannot be spent on the USPS. The main reason it is failing is due to the congressional mandates that defy common sense and good business practices. He jokes that he started drinking again after taking the job, since its such a losing battle. But, it receives no tax dollars other than an insignificant amount for the disabled, and overseas voting. Period.

Yard Dart · Jun 26, 2013

congressional mandates........ and that leads us back to the .gov running everything into the ground.

Akheloce · Jun 26, 2013

Yard Dart said: ↑

congressional mandates........ and that leads us back to the .gov running everything into the ground.
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Fine. Cool, we agree, but regarding your post, it is not a waste of tax dollars.

Yard Dart · Jun 26, 2013

Like the say, opinions are like A__holes ehh.

Akheloce · Jun 26, 2013

True, but facts can also be inconvenient to some opinions.

Yard Dart · Jun 26, 2013

I disagree with you but that is just my opinion

Akheloce · Jun 26, 2013

For more than 235 years, the U.S. Postal Service has been delivering the nation’s mail in snow, rain and the dark of night. However, tough economic and market conditions and unrealistic legislative expectations have created challenges that have never before been faced. Misconceptions about the future of the U.S. Postal Service abound — it’s time to set the record straight.
The Postal Service receives NO tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations. We are required by law to cover our costs..

Postal Facts

Yard Dart · Jun 26, 2013

Dad may have convinced you of those facts but as a contractor I have seen waste and abuse of federal dollars in the USPS system...and then the family connection on top of that.... that is where my opinion comes from. How much money does the USPS loose every year? If a normal corporation ran on a negative revenue stream year after year do you think they would stay in business....no. But the fed keeps them rolling along... with what.... our tax dollars.... -3.5 bill in 2010, -5.1 in 2011 and -15.9 in 2012...something smells.... are some of those losses due to congressional mandates, yep... but as I originally said it is just another broken unit in the .gov.......
USPS reports record breaking loss for fiscal year 2012 - Article from Logistics Management

Yard Dart · Jun 26, 2013

The United States Postal Service

Recent Financial

(a) Consistent with Lazard’s obligations under its non-disclosure agreement with the Postal Service, all of the factual statements contained herein are based on the press release ("Postal Service Ends Third Quarter with $5.2 Billion Loss") and the Third Quarter Fiscal 2012 Form 10-Q issued by the Postal Service on August 9, 2012, as well as other public statements and disclosures of the Postal Service, including its public financial statements, the public testimony of its leadership and the "Plan to Profitability – 5 Year Business Plan" publicly disclosed by the Postal Service on February 16, 2012, and other public documents. In connection with its work, Lazard has also met with and/or interviewed outside postal experts and users of Postal Service products and services as well as conducted its own independent financial analysis of the Postal Service based on its public statements and disclosures.

On August 9, 2012, the United States Postal Service (the "Postal Service" or "USPS") publicly announced its financial results for its third quarter of fiscal 2012. The press release (a)announcing these results – which followed shortly after the Postal Service’s much publicized decision to not pay a $5.5 billion pre-funding payment for future retiree health benefits which was imposed by Congress – highlighted the following:

 "A net loss of $5.2 billion, compared to a net loss of $3.1 billion for the same period last year…

 "Current projections [showing] very low levels of cash, and no remaining borrowing capacity, at the end of the current fiscal year and through October 2012."

 "[L]arge losses [that] are expected to continue until legislative changes are made in line with the Postal Service Business Plan to return to financial stability."

Earlier this year, Lazard issued a report which outlined our views of both the current situation and what is required to return the Postal Service to long-term viability. In that report, we acknowledged the significant challenges facing the Postal Service. However, we were careful: (i) to distinguish between the current financial challenges, which in fact have almost nothing to do with the Postal Service’s operations, and its very real long-term challenges; and (ii) to make clear that the Postal Service’s Business Plan would, if implemented, not likely arrest but instead accelerate the Postal Service’s long-term decline. The Reality of the Postal Service’s Situation and the Shortcomings of Its Proposed Solution A closer look at the Postal Service’s third quarter results, as well as results for the first ten months of fiscal 2012, supports our earlier analysis and recommendations. A set of highlights for this period that would have been equally accurate but far more revealing might have read as follows:

 "USPS operating revenue was stable and operating losses were smaller than forecast and improved from the same period last year."

 "Decline in First-Class Mail volume and revenue was smaller than expected; Shipping Services achieved dramatic record growth."

 "Large net losses were due almost entirely to the accounting for pre-funding of retiree medical benefits imposed by Congress and which has no known parallel at any public or private enterprise in America."

2

Pre-Funding of Retiree Health Benefits

$10.2bn (75%)

Workers Comp

$1.6bn (12%)

Interest Expense $0.1bn (1%)

Postal Operations $1.6bn (12%)

FY 2012 Net Loss through July: $13.5 billion

Here are the facts underlying the key messages emphasized by USPS management:

 The Postal Service’s announced net loss of $5.2 billion for the third quarter:

Of the "$5.2 billion" loss described by the Postal Service for 3Q12, $3.7 billion was expense associated with retiree health benefits (the large majority of which was pre-funding of retiree health benefits that Congress has required the Postal Service to make since 2006) and $1.5 billion was expense associated with changes in assumptions associated with workers compensation liability. Backing out these non-operating items leaves the Postal Service’s operations as "breakeven." These results are far from optimal, but do not constitute the crisis that the Postal Service highlights. Looking at results for the first ten-months of this fiscal year, the case is equally compelling. Of the $13.5 billion USPS net loss so far in fiscal year 2012 (10 months through July), only $1.6 billion (~12%) was from operations. EXHIBIT A: FY2012 NET LOSS THROUGH JULY (10 MONTHS)
Source: Preliminary Financial Information (unaudited) for July 2012 as provided to the Postal Regulatory Commission. Note: USPS fiscal year ends in September
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http://www.nalc.org/news/latest/Lazard-NALC_USPS-Update_09-2012.pdf

Akheloce · Jun 26, 2013

Sure, they lose money. Lots of companies do.

Prove to me where the US treasury writes them a check.

You can't.

They Don't.

I find your "Dad may have convinced you" comment offensive. EABOD.

This forum has become one of my least interesting over the past few years, due to the ignorance tolerated here. (And the wannabes posting as experts)

I'm living the subsistence lifestyle largely dreamt about by the members here. I don't need this damn forum to learn anything, since I'm doing it on my own. It's your ignorance and attitude that makes me want to wish the educated and wanting to be educated members of this forum a fair goodby.

Quigley_Sharps · Jun 26, 2013

Quigley_Sharps · Jun 26, 2013

Akheloce said: ↑

Sure, they lose money. Lots of companies do.

Prove to me where the US treasury writes them a check.

You can't.

They Don't.

I find your "Dad may have convinced you" comment offensive. EABOD.

This forum has become one of my least interesting over the past few years, due to the ignorance tolerated here. (And the wannabes posting as experts)

I'm living the subsistence lifestyle largely dreamt about by the members here. I don't need this damn forum to learn anything, since I'm doing it on my own. It's your ignorance and attitude that makes me want to wish the educated and wanting to be educated members of this forum a fair goodby.
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Yard Dart · Jun 26, 2013

First off I apologize if there was any offensive comment as none was intended.. but I think you used your dad as the reference to make your point valid.... so that was a fair comment to suggest maybe your info is not correct...

benefits and salaries are paid for those employees regardless of the revenue/profit and bottom line.... how does that continue to go on without tax payer dollars....not sure maybe you are right... I am not one of them so I am making general assumptions as I am very familiar with P&L for a business and know when it is going right or wrong from my arm chair.
Either way we have made our point.... wrong or right... g-night!!

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