Wait, what?

BREAKING: U.S. Postal Service lost $15.9 billion in FY2012, had seen $15 billion loss — Bloomberg Business (@business) November 15, 2012

That’s right. $15.9 billion. Billion.

In September, Twitchy reported that the U.S. Postal Service was going to default on a mandatory retiree benefit payment to the tune of 5.9 billion. And the hits just keep coming. Twitter users react to this latest hit.

how is this possible? RT @minefornothing: US POSTAL SERVICE LOSES $1BLN MORE THAN EXPECTED FY'12. TOTAL LOSS $15.9BLN — Told-You-So Outlier (@bondskew) November 15, 2012

Even Newman from Seinfeld knew the Post Office was no longer necessary. Big money losses apparent http://t.co/pHNg63nC via @BloombergNews — Jason Lippman (@Lippmania) November 15, 2012

https://twitter.com/Anderson33/status/269081116944773121

*U.S. POSTAL SERVICE MAY TEMPORARILY RUN OUT OF CASH IN OCT 2013 — oh if u have a letter maybe send it now — Pakar Saham CFD (@pakarsahamcfd) November 15, 2012

that shit crayyyyy “@BloombergNews: The U.S. Postal Service lost $15.9 billion last year | http://t.co/vrjUCyCQ” — Steve Lin (@SteveLin6) November 15, 2012

https://twitter.com/darthleigh/status/269081064478228480

“U.S. Postal Service lost $15.9 billion in FY2012" – do we now worry about credit risk when buying stamps? — Scott Greenwood (@scottgreenwood) November 15, 2012

US GOV. Subsidizing ineptitude since at least 1913. RT @JoeSaluzzi: US Postal service loses $15.9billion in FY'12 — Malcolm Reynolds (@PghRedPill) November 15, 2012

This just occurred to you? "@rotkapchen: Hubby says: The postal service lost $16BIL last year. And the government wants to run GM?" — eggsngrits (@eggsngrits) November 15, 2012

Same people we want to run healthcare… U.S. Postal Service on ‘Tightrope’ Loses $15.9 Billion http://t.co/l3TIJgug via @BloombergNews — Jason Crawford (@crawdaddy072) November 15, 2012

Terrifying.

Too big to fail!

https://twitter.com/EgoAenigma/status/269081655422115841

Bailout would be meta "@BloombergNews: FLASH: The U.S. Postal Service may temporarily run out of cash in October 2013" — _ (@nokamber) November 15, 2012

This Twitter user has some reorganization advice.

Post-reorg profitable USPS name: FedEx RT @BloombergTV: U.S. Postal Service faces default without action http://t.co/Jl35otKG — zerohedge (@zerohedge) November 15, 2012

The current situation is clearly unsustainable. This is the government at work, people. Time to privatize?

Twitchy will monitor this situation and update with further developments.

Update: Twitter users are also none too pleased with U.S. Postal Service’s alleged service.

@USPS too lazy to actually type in a number on package & it was returned! Ughhh #doublefail — Stephanie Garrett (@Stephanieg3360) November 15, 2012

These arent luxury items, these are things for my BUSINESS @USPS, no remorse — Miko Richardson (@OsmosedMiko) November 15, 2012

entire mngmt team @usps there is SO unprofessional: Deborah Erica & Deedra. Yea Im venting but thats my money & I would like to have my pkgs — Miko Richardson (@OsmosedMiko) November 15, 2012

Never ship anything @usps they suck!!!! The customer service is crap and they are slow two weeks to ship a package. Really?! — Dylan Wrightsman (@dylanwrightsman) November 15, 2012