According to US Postal Service financials, in 2007 the USPS posted a net loss of $5.1 billion. In 2008 it posted a loss of $2.8 billion. In 2009 the loss was $3.8 billion. In 2010 it posted a loss of $8.5 billion. In 2011 it posted a loss of $5 billion. In the most recent quarter this year, it reported a loss of $3.2 billion, bringing this year’s total loss to $6.2 billion.
So let’s add that all up. Since 2007 the USPS has lost a total of $31.4 billion.
Now, a question for the folks of ATiM: Who should the US taxpayer be more concerned about having to support with a taxpayer funded bailout, the US Postal Service or JPM Chase?
Next up…how much have taxpayers piled into Amtrak over the last 5 years?
Housekeeping note: I’ll be working on the FAQ this weekend, so if you’ve got something you’d particularly like to be included, please go to the comments for that page (tab at the top) and stick your question/answer in. Any chance anybody ever captured a copy of the old one over at the Blogger site? I didn’t keep my working copy after I posted it over there. . . 😦
Why is this pork when it’s at a Federal level and stimulus when it’s at the state level?
As for the broader issue of fixing state transportation, Snyder said spending the money now would be preferable to spending five times more several years from now as conditions deteriorate.
Lawmakers are expected to start introducing legislation as early as next week to raise more money for roads and bridges through higher vehicle registration fees and changes in the way gas and diesel fuels are taxed. The Michigan Chamber of Commerce has for several years backed increasing money for improving the transportation system.
I’m not saying I disagree with this priority at all (having driven from Ann Arbor to Gaylord and back during the holidays while visiting family), but it was bad when a Democratic President wanted to do it, so why is it good when a Republican Governor wants to do it?
I saw this on the news last night (evidently, so did AllButCertain). Who knew the Prez could sing, too?
While this isn’t his best version of it, anybody who loves cats–Left, Right or Center–would enjoy Kevin Drum’s Friday Cat Blogging. I try to click on it last thing every Friday before leaving work; it’s a great little stress reliever.
Steve Benen (the Political Animal at Washington Monthly) has started doing a Friday afternoon roundup of Mitt Romney’s most egregious lies of the week. I hadn’t heard several of this week’s quotes, but number six (“I went off on my own. I didn’t inherit money from my parents.”) has to take the cake for lamest lie I’ve heard in a long time. I mean, c’mon, Mitt! If the check was big enough for BYU to name the school after your Dad, you gave it away only because you needed to for tax purposes. This is another example of Mitt wanting to have it both ways–yes, he inherited a bunch of money from his Dad that he didn’t need for himself because he was a successful, wealthy businessman–so he donated it to his alma mater. But the implication that he came from middle class roots is just laughable.
Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Arcanaut
novahockey
quarterback
ScottC
yellojkt
All Things in Moderation 