Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Private & Independent Schools
Reply to "When is the admissions notification date?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]No longer on a Saturday, thanks to USPS.[/quote] You mean, thanks to Republicans in Congress. And yeah, I know their funding is complex, but you guys need to own the consequences of your funding decisions.[/quote] Before you start placing blame, you might want to research what Congress Did. They actually helped to prevent the USPS from going bankrupt.Since 2009 congress was under Democratic control and 2011 was Republican control, neither party is to blame. The appropriation from Congress is .1 % of the USPS budget. ($100 Million of a $75 Billion operating budget) The problem is less revenue, more expenses. http://www.fas.org/sgp/crs/misc/R41024.pdf Congress Alleviated the USPS’s Immediate Financial Distress in FY2009 and FY2011 On September 30, 2009, the last day of FY2009, Congress alleviated the USPS’s cash shortage when it enacted H.R. 2918, the Legislative Branch Appropriations Act [of] 2010. President Barack Obama signed the bill into law the next day (P.L. 111-68). Section 164 of the law provided the USPS with an immediate reduction of $4 billion in operating expenses by reducing the USPS’s FY2009 payment to the Postal Retiree Health Benefits Fund from $5.4 billion to $1.4 billion. The legislation did not relieve the USPS of this $4 billion obligation; rather, it deferred the USPS’s payment. Come FY2017, the $4 billion will be added to whatever remaining outstanding health care obligation may exist, and amortized over a 40-year period. In autumn 2011, Congress again aided the USPS. Congress delayed the due date of the FY2011 payment ($5.5 billion) to October 4, 2011 (P.L. 112-33, §124), November 18, 2011 (P.L. 112-36, §124), to December 16, 2011 (P.L. 112-55, §101), and then August 1, 2012 (H.Rept. 112-331). Issues for Congress The USPS’s financial challenges raise difficult questions: Did the USPS simply suffer from a “perfect storm” of high retiree health benefits payments and declining revenue? Or is the USPS, as currently constituted, incapable of responding to a shifting, and possibly declining, market fo[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics