By 2015 the service says it will add $18 billion to the loss pile.
Taxpayers are tapped out. Services are shrinking. Layoffs loom. Whats left? Of course its time to go for yet another hike in postage rates. How about fifty-cents for that one-ounce letter?
"Charging more for reduced service is not a rational plan for any business, including the U.S. Postal Service," said Fredric Rolando, president of the National Association of Letter Carriers. Even the union goofs see the comedy.
The USPS is supposed to be self-sufficient. But just in the past five years it has 'borrowed' $12.9 billion from the US Treasury Dept. And needs another $20 Billion even WITH the cuts proposed. Time to lay it to rest and turn it over to the private sector.
Related:
US Post Office: Dinosaur Near Extinction
