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We can't afford the business model if there is one doesn't work. private companies -- this company, the postal service is swimming in red ink. >> eric: postmaster general, $512,000. he makes more than the president of the united states. >> he is one guy. let's talk about the 400,000 postal workers, largest employer of veterans, large employer of minorities. these are middle-class jobs not $500,000 a year jobs. >> it's $28,000 and take it divide it by the employees, it's $82,000. jonathan, what about the unions. let's talk about the postal unions. >> 80% of their yearly expenditures go to the u...

♪ ♪ ♪ >> in an attempt to fix the multibillion dollar of taxpayer money, the post office announced its band-aid. they are not delivering on saturday, but here are few postal low lives. in 2012 the u.s. postal service went a whopping $16 billion in the hole paying $512,000, that is more than president obama to the postal inspector. it will save $2 billion a year, but is it time to privatize

Anti-1% movement are in the 1% themselves. and some of the organizations which want corporations to pay more tax don't pay any tax themselves. i give you the case of union leaders, for example, i have a list of the top six union guys, how much they actually make. >> this is going to be good. let's see. >> show it, please. >> all right. >> these are the top six in order. top of the list, at the -- this is -- where are we now? >> sheet metal workers. >> thank you very much indeed, gretchen. 1,043,000 total compensation. it goes all the way down to the bottom of the list, $512,000 there so clearl...

Will have to return 512,000 in grand money which will bring all operations to a screeching halt. >> historic preservation is an expensive venture and in the middle of the hudson river is more expensive. it was home to the 750 bed hospital where 1.2 immigrants were inspected and treated. babies were born here, lives saved and lost and the campus includes the former infectious disease ward and laundry out building that has the original machinery, washed and sterilized the bedding used by immigrant patients. >> this is the room that public can't see right now? >> no, tease buildings have been una...

>> no one can see any of these right now. >> reporter: to. the nonprofit foundation is working to uncover the history of the entire island, to see how it worked from 1892 to 1954 and now most of it is in disrepair. >> when i first came in the '80s, it was pitch black in these corridors in daylight because the vegetation was overgrown and everywhere was a jungle and trees were coming through buildings. >> reporter: they worked for ten years to refurbish the building but have run out of money and need to raise 500,000 today's keep the project going or have to return $512,000 in grants. >> i thin...