Iran's Days Are Numbered
Thom Tillis' Dog Show Was a Public Relations Fiasco...and It Might Have Muddied...
Another US Women's Hockey Player Tosses Cold Water on Media's Narrative About the...
Watch Brady Tkachuk Masterfully Handle the Loser Canadian Media Regarding Trump's Joke
Should John Fetterman Consider Switching Parties? It Makes Sense, But There's a Catch
Pronoun Twitter Will Melt Down Over How Members of the Men's Hockey Team...
After These Remarks From the US Women's Hockey Team, the Media Should End...
Another Career Criminal Was Set Free by Leftist Prosecutors. Now a Fairfax County...
Maryland Sheriffs Blast Democrats for Obstructing ICE Cooperation
Philly Is Being Sued by Five Police Officers. Here's Why.
The America the Left Loves — and Hates
The U.S. Olympic Men's Hockey Team Did It the Right Way
They Always Underestimate America
The Press vs. America
To Achieve American Energy Dominance, All We Needed Was a New President
Tipsheet

US Post Office Lost $8.5 Billion Last Year

US Post Office Lost $8.5 Billion Last Year
The red ink was even darker than expected.  It gets worse:  Without some form of "Congressional action" (read: bailout), the USPS projects it will hemorrhage $238 Billion over ten years, and could go bankrupt by the end of 2011.
Advertisement




The "problem" is that with the advent of email, people simply don't send snail mail at nearly the rate they used to.  A Democratic Congress might look at this problem and decide it's essential that the US Government intervene and prop up the Post Office's shrinking and outmoded business model.  Hopefully a Republican Congress won't make that mistake.


Parting thought:  Didn't President Obama cite the US Postal Service as a positive example of how to strike a happy balance between the public and private sectors during his Obamacare push?  Yeah, he did

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos