Tuesday, July 31, 2012

Arrogance. Why isn't everyone like Mitt? Of course he is a generous man that will share the secret of his success with everyone.

By Peter Coy on July 31, 2012
As reported today in the New York Times, Mitt Romney offended Palestinian leaders on Monday with his suggestion that cultural differences explain why the Israelis are more economically successful than Palestinians. In trying to tamp down the controversy, Romney’s people offended Mexicans by saying culture also explains why the U.S. is richer than Mexico....

Dear God, save us from this idiot.

Why, of course, it is the culture. If it wasn't it might be the flow of weapons around the world and in and out of USA borders.

Of course, it is culture. 

Down with Cinco de Mayo!

The "Do Nothing House of Representatives" do nothing again.

Bail Out Wall Street, NO PROBLEM!

Bail Out the US Post Office after legislating their bankruptcy, BIG PROBLEM!

The US Post Office needs a cash injection. Nationalize the US Post Office to benefit the smooth running of the country and then act for paybacks with current interest rates as dictated by the Federal Reserve.

Or perhaps do a Lehman Brothers bankruptcy and let them reorganize their debt under Chapter 11.

Better yet, allow them to have a supervised reorganization like the car companies. Sounds like a plan.

by Hope Yen - Jul. 30, 2012 02:42 PM
Associated Press

WASHINGTON -- The U.S. Postal Service is bracing (click title to entry - thank you) for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency's solvency as first-class letters plummet and Congress deadlocks on ways to stem the red ink.
With cash running perilously low, two legally required payments for future postal retirees' health benefits -- $5.5 billion due Wednesday, and another $5.6 billion due in September -- will be left unpaid, the mail agency said Monday. Postal officials said they also are studying whether they may need to delay other obligations. In the coming months, a $1.5 billion payment is due to the Labor Department for workers compensation, which for now it expects to make, as well as millions in interest payments to the Treasury....

The CEO and administration of the US Post Office has stated the current House Bill doesn't help! I'll be darn. It is skeptical anything the House does is helpful.

Fate of Postal Service Awaits Action in House (click here)