Former USPS exec say postal financial and liquidity crisis is over for now | PostalReporter.com
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Former USPS exec say postal financial and liquidity crisis is over for now

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kearney_stephen

Former USPS stamp executive Stephen Kearney

(October 31, 2014) Since [Stephen] Kearney filled most every executive job on the Postal Service’s financial side, few people outside the agency are better qualified to write about postal finances.

His Oct. 7 analysis may have turned a few heads there because he declared that “the financial and liquidity crisis that USPS management declared a couple of years ago is over for now.”

And that means, Kearney said, that the chances for Congress enacting any postal reform have faded.

“When the Postal Service was down to about as many days of cash as you can count on one hand,” he wrote, “it had a pretty compelling narrative to convince everyone including Congress that major new legislation was needed.”

But the Postal Service’s latest financial report indicates that the postal financial crisis has eased, Kearney said.

 

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9 thoughts on “Former USPS exec say postal financial and liquidity crisis is over for now”

  1. Hes right ! I believe it was a scared tactic to have their way with us like a hostages. ….its a great government tactic called Fear!

  3. Considering every year since the prefund our union president down to the regional union reps were getting 7% increases In their salaries and donahoe and his crew of prevaricators recieved bonuses , why should we be surprised at this guy now saying the titanic has righted !!
    Give yourself a raise and give the union back what they are giving you as a career Carrier ….NOTHING!!
    Like the famous saying says “, it’s all been arranged !!
    ThAnks arbitrator for taking the blame of a back door deal !!

  4. what? you mean everybody has been crying “wolf” this whole time? and you mean that we are talking about the same things from 40 years ago and nothing happens?? its all a game people…. never was a crisis to begin with

  5. Well, considering that every month/year, these clown kept crying “The sky is falling !” and “The USPS will be out of money on (insert month picked this time here) !”, no one was paying attention anyway, because anyone who has dealt with USPS for more than five seconds, would know:

    a. They had no idea what they were talking about.
    b. They were lying, as usual, anyway.

    These crooks couldn’t run a lemonade stand, let alone a multi-billion dollar business.

    p.s. “USPS Stamp Exective”……………………..if this isn’t a made up, crony filled position, I don’t know what is.

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