- Infowars - http://www.infowars.com -

Postal chief: If we do nothing, we’re Greece

Posted By kurtnimmo On June 12, 2012 @ 3:15 pm In Economic Crisis,Old Infowars Posts Style | Comments Disabled

CNNMoney
July 12, 2012

The head of the U.S. Postal Service said Tuesday that if the service doesn’t cut costs and Congress fails to act, it’s going to be in the same dire straits as Greece.

Postmaster General Patrick Donahoe drew chuckles from a group of postal policy conference attendees by comparing the beleaguered, indebted Postal Service to the beleaguered, indebted nation.

He said that Greece’s ratio of debt compared to gross domestic product is 1.61 and the U.S. Postal Service’s ratio of debt compared to revenue is 1.51.

Read more


Article printed from Infowars: http://www.infowars.com

URL to article: http://www.infowars.com/postal-chief-if-we-do-nothing-were-greece/

Copyright © 2013 Infowars. All rights reserved.