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Monday, September 23, 2013

Postal Service says it's broke, but spending $42 million on one facility renovation

What is going on with the U.S. Postal Service? Postmaster General Patrick Donahoe says By mid-October 2013, the Postal Service projects it will have a cash balance on hand of approximately five days of average daily expenses. The aforementioned article claims the Postal Service will be broke by November 2013, yet in one of many examples, evidence seems to run counter to that claim. Specifically, while the USPS is shuttering and consolidating mail processing facilities across the nation, they are at the same time allocating money to renovate and even expand others. For example, Korte is to begin $42 Million design-build construction For a USPS Processing and Distribution Center (P&DC) in Houston. This is after claiming the urgent need to close or consolidate facilities due to excess floor space and mail processing equipment sitting idle too much. This tends to give more validity to the perception that the USPS has manufactured a crisis to assist in lowering wages and benefits of workers, thus making it easier to privatize profitable portions of the USPS.    

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