US postal service plans to cut expenses

May 10th, 2012

FAKE NEWS for the Zionist agenda

The Wednesday announcement has been described in press reports as a hold back from the wholesale closing of mostly rural post offices, originally proposed last year in an ambitious plan to restructure its services and balance its finances by shutting down thousands of post offices.

The decision is reportedly intended to give more time to US Congress to pass legislation to overhaul the country’s nearly bankrupt postal service but signaling that the agency would still have to move ahead with major staffing cuts.

According to Postmaster General Patrick R. Donahoe, the new plan would take nearly two year to materialize and save some $500 million per year. However, this amount would not be enough to satisfy its multibillion-dollar deficit though it would address objections by numerous small communities where post offices were targeted for shutdown.

The postal service cautioned Congress last year that unless they passed legislation to revamp its finances, it would have to begin making more severe cuts in services and its work force or face a possible default.

The service had originally proposed the shutdown of 3,700 post offices and 250 mail processing centers. It has also called for the elimination of mail delivery on Saturdays.

Meanwhile, daily losses of $36 million have reportedly been mounting like last week’s junk mail, and the Postal Service is nearing projected losses of nearly $21 billion per year by the year 2016. Visits to the post office, according to the agency, have declined by 27 percent since 2005.

MFB/JR