IT'S CRASHING!!!!!!!!!!!!!!!!!!!!!!! Just like Alstry warned......
WASHINGTON – The financially strapped U.S. Postal Service will run out of money this year without help from Congress, Postmaster General John Potter warned on Wednesday.
"We are facing losses of historic proportion. Our situation is critical," Potter told a House subcommittee.
The agency lost $2.8 billion last year and is looking at much larger losses this year said Potter, who is seeking congressional permission to reduce mail delivery from six days to five days a week.
Potter also urged changes in how it pre-pays for retiree health care to cut its annual costs by $2 billion.
If the Postal Service does run out of money, the lingering question, Potter told the House Oversight post office subcommittee, is which bills will get paid and which will not.
He said ensuring the payment of workers' salaries comes first, but other bills may have to wait.
Now the Post Office has contracted the FU virus.....soon it could be you if you don't prepare.....
Pay down debt and build up your immune system....the FU virus will be affecting many of your neighbors very soon....don't let it be you......
This is what is called a DEFLATIONARY death spiral.........look out below;)