Free Talk Live - U.S. Treasury http://www.freetalklive.com/taxonomy/term/2445/0 en USPS sees $8.5 billion loss, warns Congress it'll be broke by 2011 http://www.freetalklive.com/content/usps_sees_85_billion_loss_warns_congress_itll_be_broke_2011 <p>The financially troubled U.S. Postal Service reported an $8.5 billion loss in the fiscal year that ended in September and said it will run out of money in 2011 if economic conditions don't improve and Congress doesn't act.</p> http://www.freetalklive.com/content/usps_sees_85_billion_loss_warns_congress_itll_be_broke_2011#comments 2011 bankrupt borrowing broke Congress Economics financial loss historic loss News Article Postal Service retiree health benefits Treasury U.S. Treasury United States Postal Service USPS Mon, 15 Nov 2010 00:00:08 +0000 Takeshi Kovacs 8087 at http://www.freetalklive.com The MOST important chart of the century http://www.freetalklive.com/content/most_important_chart_century <p>Debt Saturation chart shows total income can no longer support total debt. In the third quarter of 2009 each dollar of debt added produced NEGATIVE 15 cents of productivity, and at the end of 2009, each dollar of new debt now SUBTRACTS 45 cents from GDP!</p> http://www.freetalklive.com/content/most_important_chart_century#comments debt saturation GDP