Post Office Can’t Meet Its $11 Billion Payment

Written by Gary North on October 1, 2012

The U.S. Postal Service owes $5.6 billion to pay into its unionized workers’ health fund. It does not have the money. Let’s call this delay what is really is: a default. It is a prelude of things to come to the entire U.S. government budget. This is the second time in two months that the […]

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