posted on Aug, 5 2010 @ 02:09 PM
Keep in mind that these are quarterly losses.
This is only going to get worse. Increases in on-line shopping have dramatically cut down on catalogs and on-line billing have cut down on paper
bills and other corespondence.
The model of the post office is unsustainable and has been for years.
The rubbish that the post office is a non-government entity is also rubbish. If they decided to cut back mail they would not be allowed to do so, as
was evidenced a few weeks ago when they discussed cutting Saturday delivery and congress put the kibosh to that with some foolish statements such as
"the post office is a symbol of the US government".
Time to kibosh the Post Office and place it in private hands. Mail only needs to be delivered two or three times a week and there are millions of
people who only collect their mail that often or less. The challenge with that is that the labor is so entrenched via union rules and the like that
they would be unable to move to that model.
The only way to fix this problem without causing massive problems is for the government to eliminate its quasi role in mail delivery and create more
competetion or at least open the business up to the same pressures as the private sector.
That won't happen. You will soon be seeing a congressional push for a public bailout of the US postal service.
(visit the link for the full news article)