Zero Hedge reports on the latest news from the United States Postal Service:
The epic collapse of one of the most bloated government institutions continues at a ridiculous pace. From Bloomberg:
- U.S. POSTAL SERVICE LOST $5.2 BILLION IN THIRD QUARTER
- POSTAL SERVICE LOSS Q3 COMPARES WITH $3.1 BILLION LOSS YEAR AGO
- POSTAL SERVICE 3Q REVENUE FALLS TO $15.6 BILLION FROM $15.8B
- POSTAL SERVICE `LIQUIDITY CHALLENGES’ REMAIN IN 2013
- POSTAL SERVICE MAIL VOLUME FALLS 3.5 PERCENT IN THIRD QUARTER
- POSTAL SERVICE WILL CONTINUE TO PAY EMPLPOYEES, SUPPLIERS
And it gets better:
- POSTAL SERVICE LOSS INCLUDES SKIPPED PAYMENT TO TREASURY – in other words the taxpayer bailouts of the USPS have begun… and the loss would have been even bigger.
- POSTAL SERVICE WILL `NEVER’ CEASE DELIVERING MAIL: MARSHALL
Of course: why ever stop doing something that is losing tons of OTHER PEOPLE’S MONEY. Not like that money is your own.
The USPS has been around for over 235 years. Yet here we are in the enlightened, modern age, with a broken system unable to affordably send mail while breaking even, and in fact wasting vast amounts of money. We’ve known it’s broken for decades. And we can’t or won’t fix it.
So consider: Given the status of the Postal Service and, say, the TSA as simple examples of bureaucratic, procedural and fiscal normalcy, is it in any way reasonable to believe that the government can do a better job with Health Care compared to the current system? There’s simply too much evidence to the contrary and none to support the contention. Further, it’s incredible that a large number of Americans ignore all this and insist that the idiotic bureaucratic government buffoons take responsibility for America’s Health Care system using our tax dollars. It’s absolute madness.