Step 1: Force a business to have a prefunded employee retirement account for the next 75 years.
Step 2: Deny any changes in service locations or standards of delivery the business may be able to use to stay competitive with its shrinking business model.
Step 3: Propose a way to bailout the business so they can still make their huge employee retirement account payments (WTF??).
Step 4: Propose a way to close locations and service delivery times, but not vote on it until over a year later (WTF??)
Not to downplay how bad this situation is, but this seems like a pretty easy problem to solve and our Congress critters can't even get this one right.
http://moneyland.time.com/2012/08/01/po ... h-payment/
Inept Congress Forces USPS to Default on $5B Payment
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ShotgunBlast
- Sharp Shooter
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OakRidgeStars
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Re: Inept Congress Forces USPS to Default on $5B Payment
Can't wait until this same bunch of clueless morons is running my healthcare system.
Oh, wait... they're already responsible for our healthcare. We are so boned.
Oh, wait... they're already responsible for our healthcare. We are so boned.
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mamabearCali
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Re: Inept Congress Forces USPS to Default on $5B Payment
Yep it is a confirmed kill. Can't wait till these dingbats are in control of life saving medical devices.... I think I will start a savings account on so that when I need life saving medical treatment I can go to the Bahamas and get it.
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"I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend."
Re: Inept Congress Forces USPS to Default on $5B Payment
You may be pleased to know that medical devices have almost no regulations as opposed to drugs. You just submit the paperwork and pay a 4k filing fee. IIRC the only device to come out in the last few years to be required to undergo pre-release testing was the banding for gastric restrictive devices because it had no earlier analogue being so new.*mamabearCali wrote:Yep it is a confirmed kill. Can't wait till these dingbats are in control of life saving medical devices.... I think I will start a savings account on so that when I need life saving medical treatment I can go to the Bahamas and get it.
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*Thats the rub, if you create a device (or discover a new use for an existing one) thats just a modification of an older existing device its considered "already proven". The people that had metal hip joint replacement found out how well that worked (It didnt).
Neuropacemakers, essentially being a cardiac pacemaker in a different spot also glided to release sans testing.