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THe USPS and parcels
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<blockquote data-quote="beentheredonethat" data-source="post: 753995" data-attributes="member: 4886"><p>Money for the post office may not be coming from the Fed's general fund. But there's no doubt that they haven't been neutral in a bit of time. <a href="http://www.usps.com/cpim/ftp/ar09html/ar_2_116.htm" target="_blank">http://www.usps.com/cpim/ftp/ar09html/ar_2_116.htm</a> This link is from the usps web site, it shows that for 2009 the lost 3.79 Billion, in 2008 they lost 2.8 Billion, in 2007 they lost 5.1 Billion, FY 2006 was the last year of profits and they made .9 billion (900 million). Also at the end of 2009 it showed since the reorg in 1970 they have a cumulative debt of 5.4 billion. This year they are projecting a 7 Billion loss. This will bring them to over 12 billion debt that occurred in just the past few years. Yes they should be revenue neutral, but they clearly aren't. Also, think of this. They get to borrow at the same interest rate as the US government, any other company would be paying a lot more on their debt. Also, all of their facilities they own, they don't pay real estate tax, all the vehicles they own, they don't pay excise tax on them. They also don't have to pay for parking tickets etc. They have huge financial benefits from being joined with the US govt.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 753995, member: 4886"] Money for the post office may not be coming from the Fed's general fund. But there's no doubt that they haven't been neutral in a bit of time. [url]http://www.usps.com/cpim/ftp/ar09html/ar_2_116.htm[/url] This link is from the usps web site, it shows that for 2009 the lost 3.79 Billion, in 2008 they lost 2.8 Billion, in 2007 they lost 5.1 Billion, FY 2006 was the last year of profits and they made .9 billion (900 million). Also at the end of 2009 it showed since the reorg in 1970 they have a cumulative debt of 5.4 billion. This year they are projecting a 7 Billion loss. This will bring them to over 12 billion debt that occurred in just the past few years. Yes they should be revenue neutral, but they clearly aren't. Also, think of this. They get to borrow at the same interest rate as the US government, any other company would be paying a lot more on their debt. Also, all of their facilities they own, they don't pay real estate tax, all the vehicles they own, they don't pay excise tax on them. They also don't have to pay for parking tickets etc. They have huge financial benefits from being joined with the US govt. [/QUOTE]
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