Postal Service Seeks to Weather Economic Storm
Jay points out, "The Postal Service's biggest challenge: the cost of providing health care to current and future retirees. Its $53 billion obligation is greater than those of the Big Three automakers. The service owes its retiree health fund $7.4 billion this year."
On a little different note...William Burrus, who started work at the Postal Service in 1954 and is now president of the 225,000-member American Postal Workers Union is quoted in the article as saying, ""Every day, a government official goes to your door. That's pretty amazing and valuable when you think about it."
To read the entire article, click here.