Leviathan Can't Cope
2:20 PM, Aug 10, 2012 • By GEOFFREY NORMAN
From the United States Constitution: Article 1, Section 8:
So, we learn that the USPS:
* Ran up $5.2 billion in 3rd quarter losses.
* Missed a $5.5 billion August payment to the Treasury.
* Will run out of cash in October.
Congress, meanwhile, is in recess.