My grandfather taught me a valuable lesson when I was younger. He taught me that figures don’t lie!
That’s right, the Postal Service actually earned a $660 million operating profit during the third fiscal quarter of 2013 and has earned a $330 million operating profit for the entire fiscal year.
Revenue is up and expenses are down, which is a good sign the business is headed in the right direction. Operating revenue grew by 3.6 percent in the third quarter, with its package business growing by 8.8 percent.
The Postal Service is in much better financial shape than advocates of a slash-and-shrink approach to Postal Service “reform” care to admit.
In 2006, Congress enacted an onerous law that required the Postal Service to pre-fund retiree health care for the next 75 years in a 10-year period. This single mandate of $5.5 billion per year is crippling the Postal Service. This is a manufactured crisis that Congress created and Congress can fix it!
No other federal agency pre-funds retiree health care a single cent! The Postal Service currently has more than $49 billion in the pre-fund account. Eighty percent of the red ink is directly linked to this onerous mandate! Congress broke it and Congress can fix it!
Tipton BZA president stuck to procedure
As the BZA meeting was brought to order at the Tipton High School Wednesday night, it became quite apparent with the first question from BZA board president, Mr. Jerry Acres, to juwi Wind and its attorneys that juwi and its representation came with an agenda.
This agenda was not to deliver a property value guarantee package, to be considered by the BZA board, but to attempt to rehash the July 31 meeting or try to discredit the BZA board for litigation purposes.
Mr. Acres stood on procedure, even while feeble attempts were thrown at him and the board. The sad truth, in my opinion, is the real losers in this mockery performed by juwi and the leaseholders’ lawyer were the citizens of Tipton County. What a waste of time and resources!