RT @kevinroose: Per Bloomberg, the US Postal Service lost $15.9 billion last year. That's more than Wal-Mart MADE ($15.8 billion).—
Jonathan Hewett (@jonhew) November 15, 2012
BREAKING: U.S. Postal Service lost $15.9 billion in FY2012, had seen $15 billion loss—
Bloomberg News (@BloombergNews) November 15, 2012
That’s right. $15.9 billion. Billion.
In September, Twitchy reported that the U.S. Postal Service was going to default on a mandatory retiree benefit payment to the tune of 5.9 billion. And the hits just keep coming. Twitter users react to this latest hit.
*U.S. POSTAL SERVICE MAY TEMPORARILY RUN OUT OF CASH IN OCT 2013 — oh if u have a letter maybe send it now—
Art of Trading (@Art_of_Trading) November 15, 2012
The US Postal Service lost $16Billion with a B in fiscal 2012. That blows my mind.—
Christopher Leigh (@darthleigh) November 15, 2012
“U.S. Postal Service lost $15.9 billion in FY2012" – do we now worry about credit risk when buying stamps?—
Scott Greenwood (@scottgreenwood) November 15, 2012
Too big to fail!
This Twitter user has some reorganization advice.
The current situation is clearly unsustainable. This is the government at work, people. Time to privatize?
Twitchy will monitor this situation and update with further developments.
Update: Twitter users are also none too pleased with U.S. Postal Service’s alleged service.