US Postal Service Edges Toward Fiscal Suicide

Jay Maxwell By Jay Maxwell, 13th Jan 2013 | Follow this author | RSS Feed | Short URL http://nut.bz/1w2eozox/
Posted in Wikinut>News>Politics

The uncertainty over the outcome of the US economy cast a dark shadow over the future of the American populace. It is exacerbated by the government's adamant stance to address its chronic deficit spending.

The Fiscal Brink

The term fiscal brink is used to refer to a time when some catastrophic economic event is imminent. That word would be appropriately used to characterize the forthcoming series of events that looms over the United States economy. Further, the American citizenry has a president that is adamant about following the dictates of common sense, when it comes to governing this country. If one continue this path of tax and spend without the willingness to address real issues, such as a bloated budget, the United States economy is destined for economic collapse. Further, this economic reality is apparent to everyone except our leadership. How long will it be before our currency will be tantamount to monopoly money? Moreover, this crisis when it occurs will not be limited to the American economy. This pain will permeate the global economy and no one will be insulated. People of all faiths will have to become more entrenched in their core beliefs, if one is to emerge from this impending crisis triumphantly

U.S. Postal Service Edges Close to Bankruptcy



Eventually the United States economic system will join ranks with the U.S. Postal Service. It is evident that both organizations are ran irresponsibly. Historically, the postal service has been soliciting congress for rate increases every time one turns around. Do they make any adjustments that will assure their sustainability? Or do they continue the same course that lead them into trouble in the first place? Now, another report has the postal service cruising to bankruptcy by the spring, if congress fails to intervene. Among measures to keep the agency afloat, are cost-cutting and revenue-generating measures. Officials assert that bankruptcy would mean fresh cutbacks in mail delivery and postal employee job cuts. Furthermore, the agency temporarily benefited from a surge in mail volume due to the holiday season. Finally, the postal agency continues to receive assurances from elected officials, that they are committed to restoring the institution to long-term solvency.

Tags

Bankrupt, Bankruptcy, Governing, Government Money, Government Sector, Government Spending, Governments

Meet the author

author avatar Jay Maxwell


I am endeavoring to become a freelance article writer for now. Recent studies include a freelance writer's article and blog course offered by Growth Education.

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Comments

author avatar Md Rezaul Karim
13th Jan 2013 (#)

Nice informative article. Thank you Jay

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author avatar Sivaramakrishnan A
13th Jan 2013 (#)

One crisis after another when the basics are ignored - and stop-gap measures are resorted to - siva

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