Mr Stossel, you mentioned UPS and FedEx parcel delivery as being profitable. It is because it hey use the USPS for last mile delivery. We have both UPS and FedEx trucks backing up to the docks every day. Neither UPS nor FedEx can remain profitable by delivering to every address, so why do you expect the USPS to do so? If the USPS were not being required to pre-fund their retiree benefits 75 years in advance (unlike any other government agency or private company), the losses would be far less drastic. Yes, there is waste in the system, but it is not in the delivery area. The bloated management structure is responsible for the inefficiencies.