USPS
Is USPS Bankrupt? $15 Billion Debt, Defaults on $5.5 Billion Loan
06-07-2013 UPDATE: The United States Postal Service (USPS) went from “Self-Sufficient” with $600 Million in debt to $15 Billion in debt coincidentally(?) during the Obama Administration. As of June 30, 2012, USPS also lost $5.2 Billion. The USPS also defaulted on a $5.5 Billion loan to cover healthcare cost for “future retirees.” Read more (and hold on to your wallet)…