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* * * Will The United States Postal Service Go Bankrupt? * * *

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  • JAIL4Judges
    JAILers4Justice (J4J) ____________________________________________________________ Los Angeles, CA July 25, 2009 A Public Service Announcement to America (To
    Message 1 of 1 , Jul 25, 2009


      JAILers4Justice (J4J)
      Los Angeles, CA                                                       July 25, 2009

      A Public Service Announcement to America

      (To be removed from this PSA see instructions below)


      The Battle Lines are Drawn:  J.A.I.L. versus The Foreign Power 

      A Power Foreign to Our Constitution


      Mission Statement      JNJ Library        Federal J.A.I.L.

      FAQs              What?MeWarden?



      Will The United States

      Postal Service Go Bankrupt?


      Perhaps some of you may remember J.A.I.L.’s 1996 publication predicting our current Federal Reserve sponsored collapse of America , and the publication presented of late of the unthinkable of “Bulldozing America.” Therein I stated, as quoted in http://www.jail4judges.org/JNJ_Library/2009/2009-06-19.html, "[T]he entire middle-class is planned to be obliterated, including you who are influential reading this. It is predetermined you be financially gutted. Your business is to be slowly depleted through "unfortunate" circumstances of debt foreclosure, bankruptcy, bad decisions, unable to meet tax obligations, poor business, and legislative control of your business and private property."

      I also stated, “Imagine for a moment the power of the Federal Reserve. They can shut down the housing market and cause all construction to cease with one phone call. They can just pick up the phone, place a call, and cause upheaval in the entire world market. They can send the stock market into a tailspin within minutes. They can bring about massive layoffs in all industries, or create a national depression at whim. They can do what no military power on earth can do, ruin the nation over the weekend and never fire a shot.”

      As you read this, many government institutions are hanging on by their fingernails hoping against hope for a soon financial recovery of the economy before they collapse. We are now being informed that the United States Postal Service (originally the U.S. Post Office) is on the verge of financial collapse. It can no longer compete in this high-tech world of the internet, or against the numerous private delivery services. Its existence is being sustained only by its protected  government monopoly status. By the way, what ever happened to the our Art. I, Sec. 8, Clause 7, U.S. Post Offices? The Post Offices are gone, and in its place we have a “postal service!”  Hmmmm.

      Ron Branson – National J.A.I.L. CIC

      Postal unions seek White House help on pay, benefits


      By Carrie Dann CongressDaily July 17, 2009



      Four unions representing the nation's postal workers are pleading for a meeting with the White House to address possible funding shortfalls for workers' payroll and retiree health benefits, according to a letter obtained by CongressDaily.


      The presidents of the American Postal Workers Union, National Rural Letter Carriers' Association, National Association of Letter Carriers and National Postal Mailhandlers Union co-signed the Tuesday letter to White House Deputy Chief of Staff Jim Messina, warning that the U.S. Postal Service is at risk of defaulting on a $5.4 billion payment to prefund retiree health benefits at the end of September.

      The letter alleges that USPS "may not be able to make payroll in October and will be forced to issue IOUs instead."


      Yvonne Yoerger, a spokeswoman for USPS, confirmed that the unions wrote the letter but disputed the claim that payroll deadlines will be missed. "That's not something that's been discussed at all," she said. "We are committed to making payroll."


      Yoerger said USPS will continue to work with OMB and the Office of Personnel Management to determine if and how the Postal Service can meet the Sept. 30 deadline to pay forward $5.4 billion in future health liability costs.


      The Postal Service is required by law to set aside funds for future retiree health care costs, rather than paying recipients as costs are incurred as other government agencies do. As a result of a $3 billion loss to date this year, the unions wrote, no money is available for those future payments, and regular payroll deadlines may not be met unless other funds are tapped.


      "Such a [financial] collapse can be averted without resort to a taxpayer bailout by reforming the retiree health prefunding provisions of the law and [by] giving the Postal Service access to its own resources in the Postal Service Retiree Health Benefits Fund, which now has a balance of $32 billion," the unions wrote.


      But that transfer of funds would require congressional approval, and the unions fear that pressure from the White House will be needed to prompt quick action. "We believe that the Obama administration must intervene now to avoid both a political and economic train wreck," they wrote.


      Reps. John McHugh, R-N.Y., and Danny Davis, D-Ill., introduced legislation this year that would amend the law to allow USPS to reach deeper into the flush Retiree Health Benefits Fund, but the unions argue the measure would not do enough to fix the financial problems.


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      *   *   *

      He has combined with others to subject us to a jurisdiction foreign to

      our constitution, and unacknowledged by our laws; giving his assent to

      their acts of pretended legislation.    - Declaration of Independence
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      striking at the root."   -- Henry David Thoreau                    



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