Thursday, August 27, 2009

Postal Service: Model For Public Insurance?

The US Postal Service is instituting an employee buyout plan in order to staunch their hemorraging budget.

The Postal Service lost $2.4 billion from April through June, according to numbers released earlier this month. The agency has lost $4.7 billion so far this year and expects to be $7 billion in the red by the end of the fiscal year on Sept. 30.
And they're just carrying letters. Imagine how much money we could lose if we had public insurance.

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