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The U.S. Postal Service vs. Greece

tporter Wrote: Dec 16, 2012 11:45 PM
Of all the ways the government spends money, the PO is one place it doesn't bother me. I do think Congress needs to get out of the way if they want the PO to be self sufficient. Really given all the government employees, postal service is worth it.

Postmaster General Michael Donahoe has occasionally remarked that the U.S. Postal Service will end up in a Greek-like crisis if Congress doesn’t allow it to reduce costs and operate with more flexibility. Michael Schuyler, now with the Tax Foundation, examines the analogy between Greece and the USPS in a paper that was released on Monday.

The “good” news for the USPS is that its fiscal situation isn’t as bad as what the Greeks are dealing with—at least not yet. Whereas previous Greek governments intentionally understated deficits and debt until it caught up to the country in 2009, the USPS hasn’t tried to hide the fact...