- Sep 25, 2001
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http://www.cnn.com/2011/US/03/02/postal.service.hearing/index.html?hpt=T1#
"We will not need a bailout," Donahoe said. But the $5.5 billion payment is the principal reason for the Postal Service not breaking even this year, he said. He is expecting a $6.4 billion loss this year.
um.. what? we dont need a bailout but will have $6.5B loss this year?!
Solution:
why not just declare bankrupcy and dump the Prefunded retiree medical benefits of $5.5 billion a year???
"We will not need a bailout," Donahoe said. But the $5.5 billion payment is the principal reason for the Postal Service not breaking even this year, he said. He is expecting a $6.4 billion loss this year.
um.. what? we dont need a bailout but will have $6.5B loss this year?!
Solution:
why not just declare bankrupcy and dump the Prefunded retiree medical benefits of $5.5 billion a year???