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Comment How is this disturbing? (Score 5, Insightful) 291

It is pretty straight forward how it will work.
1) People send in money.
2) After a while the site closes down.
3) Person that put up the site earns a nice profit.

The only disturbing part is the guy did it so early, someone with real planning would of waited for the US Presidential election and then really brought in the money.

Comment Re:But their bid was lower! (Score 1) 227

Nice on paper but does not work in reality.
Back when former President Clinton pushed for the big change over from federal employees to contractors. Those where all items discussed and found to not actually work. People don't have the training and don't want to move around along with other problems.

Comment Re:But their bid was lower! (Score 1) 227

Actually this was an example of a no bid contract that was awarded to cronies.
KBR, formerly Haliburton, already had a list of prices that had been approved by the government, then they were the only company that could offer the list of services that the DoD that were requested.The only people that thought there was something wrong with that bid are the hate sites, even KBR competitors said they were the right company for the contract requested and the prices were not bad. All of that is not something you can find for the garbage that this obamacare contract.

Comment Re:what? (Score 1) 258

And no other government agency has the freedom to control themselves the USPS does, read the 1970s law. All government agencies and most non-government companies that have pension are under the same restrictions for pre-funding that the USPS was forced to start doing.
Also learn to curb your hatred and ignorance that comes from it. Any simple search would of shown you that a Republican introduced the bill to allow USPS to stop saturday delivery of non-packages. The main person pushing against this was Mark Pryor a democrat.
As a former postal union member, for over 8 years, yes it is about retirment safety there was no way the USPS could of handled the retirement duties they were suppose to cover from the 1970s law. Forcing them to lower the amount they spent every year by pre-funding was one of the correct financial methods of doing it.

Comment Re:what? (Score 1) 258

Unfortunately alot of idiot sites that keep repeating the lies that you are repeating. You can read the OPM regulation and the 2006 law, they only have to fund peoples retire for the government level of life expectancy which is around 78.9 year however for accounting purposes they have to figure what is going to be happening for 75 years. So if everyone in at USPS retires at age 62 they would only have to figure retirement pay of 16.9 years per person; the 75 years is for accounting. At the end of 2010 the USPS was paying around $50 billion for peoples retirement if they follow through and make the prefunding payments it should be under $33 billion a year by 2020. USPS lost $15.9 billion in 2012, so even without the $5 billion pre funding requirement they lost money.

Comment Re:what? (Score 1) 258

The USPS is a special case because of the law they wanted in the 1970, they agreed to take over payments for retirement for a bunch of extra benefits and employee pay. Now they don't want to pay the money they owe to former employees. So the 2006 law required them to pre fund the account
Unfortunately alot of idiot sites that keep repeating the lies that have been put out about the 75 years. You can read the OPM regulation and the 2006 law about the 75 years being for accounting purposes, they only have to fund peoples retire for the government level of life expectancy which is around 78.9 year however for accounting purposes they have to figure what is going to be happening for 75 years. So if everyone in at USPS retires at age 62 they would only have to figure retirement pay of 16.9 years per person; the 75 years is for accounting.
At the end of 2010 the USPS was paying around $50 billion for peoples retirement if they follow through and make the prefunding payments it should be under $33 billion a year by 2020.
USPS lost $15.9 billion in 2012, so even without the $5 billion pre funding requirement they lost money.

Comment Re:what? (Score 2, Interesting) 258

Congress want to protect the taxpayer from having to take over the duties that the USPS said they would do,back in the 70s, the postmaster general and the postal unions want to make the taxpayers pay for their poor management and keep things as they are.
The postal accountability law,2006, requires the USPS to actually do some proper financial management and dropping it would not make them competitive again; even ignore the money they owe for this they would of lost money for the last couple of years. Without the money set aside they would not be able the meet the obligations they agreed to back in the 1970s and the people who retiring now would not have the monies that they are suppose to get. Privatization would solve nothing of this since the obligations would follow the person who purchased the company.
BTW the 75 years is number of years that is for ACCOUNTING purposes they have to figure future liabilities. It is NOT how long they have to fund benefits. That 75 years of accounting is followed by the DoD, social security, department of Housing, etc.

Comment Re:Obligatory note: the USPS is intentionally brok (Score 3, Informative) 258

Please stop repeating this lie, granted it is repeated enough on alot of hate sites. For you it was probably a mistake since you did not know the truth.
Congress want to protect the taxpayer from having to take over the duties that the USPS said they would do,back in the 70s, the postmaster general and the postal unions want to make the taxpayers pay for their poor management and keep things as they are.
The postal accountability law,2006, requires the USPS to actually do some proper financial management and dropping it would not make them competitive again; even ignore the money they owe for this they would of lost money for the last couple of years. Without the money set aside they would not be able the meet the obligations they agreed to back in the 1970s and the people who retiring now would not have the monies that they are suppose to get. Privatization would solve nothing of this since the obligations would follow the person who purchased the company.
BTW the 75 years is number of years that is for ACCOUNTING purposes they have to figure future liabilities. It is NOT how long they have to fund benefits. That 75 years of accounting is followed by the DoD, social security, department of Housing, etc.

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