Wednesday, May 11, 2011

US Post Office On Pace to Lose $7 Billion...Maybe It's time the Mail Goes Out of Business?

Maybe you're losing money because your customers spend half the day in line?

Washington Post - The U.S. Postal Service reported $2.2 billion in losses during its second quarter, continuing several quarters of historic losses amid declining mail volume and financial obligations to prefund worker retirement benefits.Postal officials said Tuesday that the mail agency is still on course to lose about $7 billion when its fiscal year ends in September...Postmaster General Patrick R. Donahoe renewed his hope that Congress will act soon to give him more flexibility to set delivery routes and repeal a law requiring USPS to pay about $5.4 billion to prefund future retiree benefits. “The Postal Service may return to financial stability only through significant changes to the laws that limit flexibility and impose undue financial burdens,” Donahoe said Tuesday in a statement. Postal officials have long argued that without that law, its losses would be much less significant.

Maybe it's time we scrap that whole mail delivery post office thing?  $7 Billion loss!?!?! Think of the things you could do with $7 Billion dollars of tax funds not propping up a failing government business.  You could, say, mail all of your things UPS or Fedex.  American's could stop wasting money in Hallmark Shops because it would seem pointless and trivial to have to make a Fedex drop off just to say hi (plus the E-card business would boom, something I've been arguing in favor of for years).  

You could get back 45 minutes every time you would have made a trip to the post office only to be stuck waiting in line with a bunch of cretins (by far my biggest complaint at the post office. How come when I go down to Fedex or UPS I'm not stuck standing behind Pablo the Guatemalan who can't figure out the correct postage to mail something to Central America? Plus it's always dingy and horribly lit with fluorescent lights.  Fedex feels like a spa compared to that).  

Or we could just agree not to flush 7 BILLION DOLLARS down the toilet during the biggest economic down turn in like 80 years on a failing business that has been failing for years.

But what do I know, right? I never took the civil service exam.