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View Full Version : Post Office hits borrowing limit

tbwinner
10-17-2012, 12:38 AM
http://online.wsj.com/article/SB10000872396390443675404578060850778951388.html?m od=WSJ_hp_LEFTWhatsNewsCollection

The U.S. Postal Service in September hit its $15 billion borrowing limit from the U.S. Treasury for the first time in its history, leaving the agency with only the revenue it takes in from selling stamps, shipping and other services to cover its operating costs.

How soon before they go belly up? Or is a bailout on the way?


Anyone have a full article? Hate these news pay-sites that limit the length...
LottaKash
10-17-2012, 12:41 AM
How soon before they go belly up? Or is a bailout on the way?


..

BO has to check with the Chinese.....They said they would get back to him...:D
bigmack
10-17-2012, 12:54 AM
Now what this DO mean, is that they can't have anymo' dough, other than that which they genErate. You know, from stamps & overnights & THANG.

Anyone need any stamps?
Tom
10-17-2012, 08:01 AM
BO has to check with the Chinese.....They said they would get back to him...:D

UPDATE

The check is in the mail.





Uh oh......
BlueShoe
10-17-2012, 11:11 AM
Mosty be along shortly to inform all of us that the numbers have been distorted and are not correct, and that everything is still just fine at the Post Office.
OntheRail
10-17-2012, 12:05 PM
BO has to check with the Chinese.....They said they would get back to him...:D
They said the check was in the mail.... :lol: