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Postal Problems: the Role of Government Micromanagement

William748 Wrote: Apr 06, 2012 10:54 PM

The USPS is the only postal service (in the 1st world anyway) that is not subsidized by the government. The congress mandates that the USPS carry mail (3rd class-business and non-profit) at a loss and the congress is supposed to make up the loss-they never do(surprise!). In 1989 or 1990, the congress took over one billion dollars from the USPS to put into the federal pension plan. That was to replace the money the congress stole from the postal employees in 1969-1970-the congress took the money deducted from the employees paychecks and spent it for the war. If the congress were to give the USPS what they owe it, it would be in the black.

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Postal Problems: the Role of Government Micromanagement

Postal expert Michael Schuyler has released a follow-up to his January paper that compared the recent financial performance of the U.S. Postal Service to foreign postal service providers. Not surprisingly, the USPS has fared relatively poorly in comparison to its foreign counterparts. In his new paper, Schuyler looks at the role government micromanagement plays and finds that “Foreign posts have much more flexibility than USPS to adjust operations to keep costs in line with revenue.”

The following are some key points: