Govt Union Contract will cause US Postal Service to run out of money in 2011

Why because it has to pay $5.5 billion per year to fund future retiree medical benefits!

Another extravagant promise they can’t keep to government union workers. They’re locked into these union deals and there’s no way out.

They will be asking for a bailout soon, from the taxpayer of course.

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US Post Office loses 8.5 Billion

This US Post Office has reported an 8.5 billion deficit and plans to close 2,000 post offices. 16,000 more post offices under study for possible closing.

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