Thursday, September 24, 2009

A $4 billion bailout for the Postal Service?

The House voted Thursday to freeze Medicare Part B premiums for most elderly next year, even as Democrats moved to exempt the Postal Service from having to make $4 billion in payments due next week to cover retirement health benefits for its employees.

The back-to-back actions reflect a flurry of last minute multi-billion-dollar fixes, often without warning, as the government approaches the new fiscal year beginning next Thursday, Oct. 1. http://www.politico.com/news/stories/0909/27513.html

Is it a wonder why Americans are cynical about politics and trust in our political leaders is at an all time low, now if the post office needs a bailout how are we to trust government to manage health care?

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