July 30, 2009

WE'RE FROM THE GOVERNMENT, WE'RE HERE TO HELP...:

Government Mail: U.S. Post Office Is Broke (Kurt Brouwer, July 29th, 2009, Fundmastery Blog)

In the past few months, the government has taken effective control of two major automobile companies (GM and Chrysler) as well as companies holding about half of all U.S. home mortgages (Fannie Mae and Fredddie Mac), not to government’s stake in major banks and insurance companies. And, Congress is debating a vast expansion of Federal government activity in huge swathes of the economy including energy (cap and trade) and healthcare (universal healthcare).

Yet, we hear from the Government Accountability Office (GAO) that the largest civilian government agency, the Post Office, is essentially broke.

Posted by Orrin Judd at July 30, 2009 8:12 AM
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