United States Post Office: The HUGE LIE

December 2010 was the first of two raises before talk began about a shortened work week, eliminating Saturday deliveries. They have also offered $20,000 bonuses to non union workers to retire early.
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A very special THANKS to twitters @Bconsdr8 for the linked history!

The U.S. Postal Service has lost $5.7 billion so far this year and will require significant help from Congress to get back on track, USPS officials said Friday.
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The Postal Service continues to face long-term financial challenges and despite significant cost reductions will reach its statutory borrowing limit by the end of the fiscal year and default on a number of obligations to the federal government, officials told reporters. USPS has a $5.5 billion payment to its retiree health benefits fund due Sept. 30.

The Federal Trade Commission includes a long list of implicit subsidies the Postal Service receives that are not available to private companies,” said Issa in the letter to APWU President Cliff Guffey. The letter notes that “the Postal Service is exempt from, among other items, federal, state, and local income tax, all state and local taxes (including property tax), and vehicle registration and titling fees.”

The letter also notes that USPS has access to borrowing directly from the United States Treasury at very low rates. As of the end of Fiscal Year 2010, the Postal Service had $4.1 billion in debt with an interest rate below 0.3% as well as an additional short-term revolving credit line of $3.4 billion at an interest rate of 0.206%.

These subsidies are worth hundreds of millions of dollars annually, Congressman Darrell Issa asked the union not to mislead the American people.

Ray Stevens On The Obama Budget Plan

Unhappy about Obama’s budget?
So is Ray Stevens!

Obama Administration to Provide $3 Billion in Housing Aid - CNBC

The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets.

The Obama administration said Wednesday it will provide $3 billion to unemployed homeowners.

The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Another $1 billion will go to a new program being run by the Department of Housing and Urban Development.
Article Obama Administration to Provide $3 Billion in Housing Aid - CNBC

America's Armageddon Can't Interrupt This Presidents Birthday and Vacation

55% of Americans aren’t booking a summer vacation this year, “Don’t tell President Obama that. Even with no debt deal, he is still planning swanky vacation on Martha’s Vineyard.
Oh, and that August 2nd debt deadline that the President keeps referring to Armageddon? Well, the Commander in Chief has a birthday blow out planned for the very next day.”

Government Regulations to Include Light Bulbs

By the way: 228 Republicans voted Yes on H. R. 2417 to repeal the ban. Ten Republicans voted No. 183 Democrats voted No. But only five Democrats voted Yes.

The EPA recently issued 946 pages of new rules to deal with .05% of the problem

Mr. Soon, a natural scientist at Harvard, is an expert on mercury and public health
issues. Mr. Driessen is senior policy adviser for the Committee For A Constructive
Tomorrow (CFACT).

ARTICLE: http://www.power4georgians.com/docs/WSJ%20Mercury%20Editorial.pdf

The 'Underwhelming' Truth About The Two Trillion Dollar Cut to The Budget

As lawmakers work to cut $2 trillion in federal spending, a new video from the Cato Institute puts that number in perspective.