From today's Washinton Times, this has got me torqued!
Licking bonuses
The nation's largest taxpayer-advocacy group is calling on the U.S. Postal Service to abandon its plans to distribute more than $200 million in executive bonuses before year's end.
"For USPS to give out hundreds of millions of dollars to its executives this year would be unconscionable," says Citizens Against Government Waste Vice President Leslie K. Paige.
Between 1996 and 2000, the USPS passed out more than $1.4 billion in bonuses, including $284 million last year, when it lost money.
Rep. Walter B. Jones Jr., North Carolina Republican, introduced a sense of the House resolution this year to prohibit the distribution of bonuses in years when the USPS operates at a deficit.
How much in the red is the Postal Service?
On Tuesday, it reported a $1.7 billion loss for this fiscal year. As a result, the Postal Service now foresees raising the price of a first-class postage stamp from 34 cents to 37 cents.