USPS out of business?
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USPS says it may not deliver mail in a year – WSB-TV Channel 2 - Atlanta https://share.google/J5wopHBQS7aNxHFFx
This was the exact plan put into motion when lobbyist controlled politicians put into place an unprecedented law requiring the USPS to pre-fund pensions 75 years in advance.
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I don't think there was a 'well enough' to leave alone. The market changed, mail isn't as important as it used to be, and the higher value stuff faces competition. Putting aside the pension stuff, Congress still mandates 6 day a week delivery for all routes, including the 71% of them which are money-losing. And Congress has to approve any fee increases and rarely does so. As a result they're kind of screwed.
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I'll have to disagree with you. Mail is vital. There are business and government letters that must be mailed.
FedEx isn't going to deliver the mail to everyone, meaning every one. FedEx isn't going to mail for a nominal fee. Neither will happen five or six days a week, or ever.
Privatization would screw every one. and be a detriment to the economy.
Not every part of society was meant to be nor should be profit bearing, e.g. The Social Security Act and its constituent parts.
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USPS says it may not deliver mail in a year – WSB-TV Channel 2 - Atlanta https://share.google/J5wopHBQS7aNxHFFx
This was the exact plan put into motion when lobbyist controlled politicians put into place an unprecedented law requiring the USPS to pre-fund pensions 75 years in advance.
@Daniel Political shenanigans and bad decisions.
The USPS was giving $12 billion in annual discounts to private mailers for pre-sorting. Sounds like a good business plan. /s
Even though the USPS does not get tax money to run its operations, thanks to G.W. Bush, money that USPS collected for future health and pensions for its workers has been used to reduce the federal deficit.
If the USPS dies, it's because politicians--totally lacking in vision and pride for this country, and totally beholden to private interests--wanted it to die.
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I'll have to disagree with you. Mail is vital. There are business and government letters that must be mailed.
FedEx isn't going to deliver the mail to everyone, meaning every one. FedEx isn't going to mail for a nominal fee. Neither will happen five or six days a week, or ever.
Privatization would screw every one. and be a detriment to the economy.
Not every part of society was meant to be nor should be profit bearing, e.g. The Social Security Act and its constituent parts.
@Daniel I wouldn't support privatization. But they should allow them flexibility in reducing frequency of service at least for regular mail 2-3 times a week would be fine for non-express stuff) and set their own rates. Seems like that would give them enough control over their costs and revenue to let them survive.
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