Marco Rubio Proposes Dismantling Medicare and Raising the Retirement Age On Tuesday, Sen. Marco Rubio (R-FL) gave a speech at the National Press Club in which he laid out his sweeping proposal to confront the nation’s retirement security crisis through cuts to Social Security and Medicare. Rubio is widely viewed as a potential candidate for … Read more
If the IRS says you owe more taxes than you think you do, you have quite a bit of recourse. You know things are really getting serious when you receive a statutory notice of deficiency. That gives you the option of filing a Tax Court petition. One of the most critical things about that petition … Read more
Excerpt: “I believe one of the main reasons is the absolute void at the top of the USPS’ governance structure. To be blunt, the USPS Board of Governors has effectively ceased to function as either a guiding or restraining force on management. It no longer has a quorum to make decisions or exert influence. There … Read more
Saturday, May 17, is Armed Forces Day, one of six days each year USPS facilities fly the POW-MIA flag. Postal facilities that are open on Saturday must display the flag, which honors the sacrifices made by members of the armed forces held as prisoners of war or listed as missing in action. The POW-MIA flag … Read more
National Review recently ran a story purporting to look at U.S. Postal Service finances and prospects. This is an important topic, and your readers deserve a serious discussion — as do postal employees, one-quarter of whom have served this nation in military uniform, and all of whom serve the public now in a different uniform. … Read more
Through rain, sleet, snow, the mail is delivered and I am truly grateful for the men and women of the US Postal Service (USPS). However, I must admit to being alarmed at the fiscal management of the organization. According to The Hill, “The USPS lost $1.9 billion over its most recent quarter, despite bringing in … Read more
NEW YORK (TheStreet) — For Washington lawmakers already at loggerheads over the country’s fiscal mess, the United States Postal Service has not delivered god news. The USPS has become the latest in line asking for a bailout. Again. Last week, the USPS announced a $1.9 billion loss in the second quarter. Worse, USPS has $64 … Read more
By David Yao In a May 9, 2014 press release, the Postal Service issued another quarterly press release turning an operating profit (of $261 million) into a loss. The supposed loss, an accounting fiction, was caused entirely by the 2006 law which generates a long-term loan to the Federal treasury, under the guise of “pre-funding” … Read more