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February 17, 2013

Lois Ann Firestone remembered To the editor: A dear friend and historian, Lois A. Firestone, died Dec. 26, 2012. Lois was noted for her enjoyment of researching and preserving local history....

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(64)

notSocialist

Feb-17-13 6:46 AM

"he Postal Service by the Postal Accountability and Enhancement Act (PAEA). The federal law forces the Postal Service to pre-fund healthcare benefits for future retirees and to do so in a 1 0-year period."

This works for me. Taxpayers are not on the hook to pay out retirement benefits, as it should be.

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Truth101

Feb-17-13 9:55 AM

notsocialist, your ignorance never ceases to amaze me.

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Louigi

Feb-17-13 12:41 PM

Google this 'The U.S. Postal Service’s Financial Condition: Overview and Issues for Congress'. This report reveals that there is more going on than an attempt by republicans, or any one else, to close the postal service. They are experiencing declining revenues,over several years. Yet labor costs and other liabilities continue to rise.

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notSocialist

Feb-17-13 4:29 PM

As usual, no comment, just a weak attempt at a smear.

Why don't you explain it to me, thuth?

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Truth101

Feb-17-13 5:16 PM

Post office does not operate on tax dollars.

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Truth101

Feb-17-13 5:18 PM

Question. Who pays for the retirement benefits for those people that served in the military? Answer. The post office. What kind of bull is that?

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Truth101

Feb-17-13 5:21 PM

not socialist. You think it's great that the post office has to pre fund their pension system 75 years out into the future, and do so in 10 years. If you and other tea baggin Republicans think that is so great, why haven't you extended that requirement to any other entity on the planet?

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Louigi

Feb-17-13 8:45 PM

I would really like to see some proof that military retirement is paid by the post office. Following you will find the actual sources of Military Retirement funding:The Fund receives income from three sources: monthly normal cost payments from the Services to pay for the current year’s service cost; annual payments from Treasury to amortize the unfunded liability and pay for the increase in the normal cost attributable to Concurrent Receipt per the National Defense Authorization Act (NDAA) of 2004; and investment income. During FY 2005, the Fund received approximately $15 billion in normal cost payments, a $23 billion Treasury payment, and approximately $11 billion in investment income, net of premium/discount amortization and accrued inflation compensation. During FY 2004, the Fund received approximately $14 billion in normal cost payments, a $18 billion Treasury payment,

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Louigi

Feb-17-13 8:49 PM

Sources continued... net of premium/discount amortization and accrued inflation compensation. No accounts of the Fund have been excluded from the Fund’s financial statements.

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Louigi

Feb-17-13 9:01 PM

That was from the 2005 DOD report there was another from 2011 but I could not copy and paste that format. Point is why can't we stick to the truth?

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GrantMingus

Feb-17-13 10:11 PM

Riddle me this, Truth101:

Why, if the USPS is so great, despite them having a virtual monopoly in the mail business are they losing money by the second, while private sector UPS and FedEx are combining for a net income of 5+ billion a year?

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ladybug

Feb-18-13 6:27 AM

Masinly because congress has to approve any chages made in post office operations.

Such as Sat. delivery

Hard to do when thet can't get anything else done.

Oh thats right there on recess again for 10 days.

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ladybug

Feb-18-13 6:28 AM

mainly

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RogerRamjet

Feb-18-13 6:53 AM

"Who pays for the retirement benefits for those people that served in the military? "

I do, and happy to do so.

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RogerRamjet

Feb-18-13 6:55 AM

"If you and other tea baggin Republicans think that is so great, why haven't you extended that requirement to any other entity on the planet? "

Because it's not government's job to impose on the private sector.

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RogerRamjet

Feb-18-13 6:56 AM

". If you and other tea baggin Republicans think that is so great,"

Tea baggin? That's what your mom wants from me.

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RogerRamjet

Feb-18-13 6:57 AM

Ooooh, didn't like that thuth? Then keep your homosexual references to yourself. I am s strict vajetarian.

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Phoenix

Feb-18-13 7:44 AM

Grant, Truth 101 already answered your riddle. The Post Office is mandated by congress to "pre fund their pension system 75 years out into the future and do so in 10 years.", a handicap their competition does not have.

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GrantMingus

Feb-18-13 8:35 AM

Precisely the point, the public sector couldn't figure their way out of a wet paper bag.

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Phoenix

Feb-18-13 8:45 AM

Remind me again Grant, who had to bail out Wall Street?

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ladybug

Feb-18-13 8:51 AM

The post office is also mandated to deliver mail where the other ones won't go.Keep open unprofitable post offices .

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ladybug

Feb-18-13 8:52 AM

Looking around the whole area.apperantly the private sector isn't batting to well either.

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Louigi

Feb-18-13 9:08 AM

At his point the USPS is sitting on a 33 billion liability. IF the payments are stopped it would increase to 100 billion by the end of this decade. This liability is for current postal employees and retirees. By law the USPS does not have to fund projected liabilities, meaning future hires. The current plan will only fund current liabilities out to 54 years. Same sources as mentioned below. Without major reform the USPS could leave the tax payer on the hook for 100 billion by the end of this decade.

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ladybug

Feb-18-13 9:29 AM

kind of hard to reform something when the people in charge won't let them !!

And besides there on a short recess.Lets see that same group who only worked 4 legislative weeks out of the 19 in 2012.

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ladybug

Feb-18-13 9:45 AM

Kind of couriuos ,how many other pension plans are funded out for 54 yrs ??

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