Wednesday, March 25, 2009

Team Obama Goes For Broke

The latest example Team Obama presides over a government getting sucked down the debt hole comes from the AP via - - -

The post office will run out of money this year unless it gets help, Postmaster General John Potter told Congress on Wednesday as he sought permission to cut delivery to five days a week.

"We are facing losses of historic proportion. Our situation is critical," Potter told a House panel.

The agency lost $2.8 billion last year and is looking at much larger losses this year. Reducing mail delivery from six days to five days a week could save $3.5 billion annually, Potter said. …

The rest of the story’s here.


My Comments:

Who’s surprised the Post Office is broke?

It’s been broke for decades.

But it’s a government entity, so it hasn’t gone out of business.

It’s simply raised rates, cut services and continued operating in the red.

While that’s happening, President Obama's working on a plan for the federal government pay the mega-trillions of dollars in health care bills of about 40 million people who can’t or won't pay their own health care costs.

Obama, his pals Pelosi, Reid, Dodd, Frank, Rangal and their MSM flacks are leading us to a new, farthest-out-there kind of "going for broke."