The U.S Postal Service and the truth it reveals, the U.S. is broke, folks, probably was before Obama
and his chance to be a great President was in the first part of his first term.
The USPS is bleeding red ink in the billions because they are the only government, or in their case quasi governmental entity requied to full fund their retirement and health programs yearly. Without the Congress to infuse money each year they would be BK because the generous terms were unsustainable.
There is no entity to bail us out, benefits and entitlements will eventually be cut including those that "it is morally right" to give or offer.
No, not close to what we are in debt now as a result of Obama's Presidency. Some debt can be OK, but it is a relationship of debt to the overall economy. Bush GREW the economy, and the percentage of debt to our growing economy was serviceable. Obama greatly increased govt spending at the same time he contracted the real economy...a double dose of disaster. Now the debt has reached 100% of our total national economy...a doomsday scenario. Why? Because he adapted/supported a big govt socialist expansion of the federal govt. while raising taxes, increasing expensive, burdensome regulations on the private sector that pays the bills. We continue to contract the private sector as a result of Obama's fascist policies.