What To Do, What To Do

Postal Service Warns of the 'D' Word
AP

Default is likely by winter, postal chief says, if Congress doesn't do something to save the financially troubled agency, which reportedly isn't able to make an upcoming $5.5 billion retiree benefits payment.

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720,000 postal workers.  Average annual pay $77,000.   $108.000 when benefits are included.

So now rhe unionized mail carriers are worried about their pensions. Does this not sound exactly like the Teacher Union pension and healthcare over bloat that was played out in Wisconsin this summer?

Do you want congress to bailout the Post Office or would you like to see some fiscal sanity restored?

I say let the PO default, declare bankruptcy, tear up the union negotiated pension contracts, and start over.

Here's what I'd do if given the chance. A) Go to an even odd delivery schedule by zip code. People would get their mail 3 times a week every other day B) Cut staffing by 50%. 360,000 instead of 720,000
C) Declare a 20% across the board wage decrease.  D) Redo the Benefits plan, holidays, comp time, vacation, and retirement plans to reflect what is normal for corporate America.

Guaranteed, those 4 steps would not only solve the annual red ink, it would make the PO profitable.

Did I mention, it would save us $50 Billion per year---or as obama would present it---$500 Billion over 10 years.

The fix isn't hard, it's the will.

Steve