U.S. Postal Service Asking for Bailout

Guess who's looking for a bailout?

Postmaster General John Potter told Congress today the U.S. Postal Service will run out of money this year without help from the government.

The Postal Service lost $2.8 billion last year and expects a bigger loss this year, Potter said. The agency is projecting a $6 billion loss in 2010.

How the hell do you lose that much money when you're a government monopoly?

Potter is asking Congress for permission to cut Saturday mail delivery to save $3.5 billion, but it still doesn't get the Postal Service out of the red. Maybe Potter can hire some of the executives at AIG.

If you need any further proof that the government can't do its most basic jobs, look no further than the Postal Service.

So of course, Barack Obama wants the government to do more, including taking over the health system in this country.

Picture yourself waiting in line to see a doctor just like you wait in line to buy stamps.

Stop the madness.

U.S. Postal Service Details Economic Viability Strategy