U.S. Postal Service marks 11 straight years of $$ losses!

A

ADK

New member
Is this why the U.S.P.S. has become so inefficient? They have been running a deficit to the tune of billions of dollars each year since 2007. Naturally the dishonest main stream media and the Dems. claim it's Trumps fault.
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https://www.pbs.org/newshour/nation/u-s-postal-service-marks-11-straight-years-of-financial-loss
 
Quote:Dems. claim it's Trumps fault.
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Of course it is; never any doubt! Just add it to the list....oh wait, I'll get another ream of paper......

Regards.
hm
 
The defense department runs a deficit all the time. No big deal. Both the Defense of this country and the delivery of mail are important programs that are not required to pay their own way. These are not private businesses. The post office is written into the US Constitution.
 
Originally Posted By: Coyotehunter_The defense department runs a deficit all the time. No big deal. Both the Defense of this country and the delivery of mail are important programs that are not required to pay their own way. These are not private businesses. The post office is written into the US Constitution.

Since this thread is about the inefficiency of the U.S. Postal Service I will limit my comments to that. It is true that the Post Office Department was created in 1792 with the passage of the Postal Service Act. That worked fairly well until the unions and politicians got too involved with the Postal Reorganization Act of 1970. Things really changed after that and possibly explains why the cost of mailing a first class letter went from .06 cents to to the current cost of .55 cents since 1970. The cost has been going up so fast that they stopped putting the cost of a stamp on the stamp and started labeling them 'Forever Stamps'. Now the price of a stamp going from .06 cents to .55 cents in fifty years doesn't sound too bad does it? Add to that though the fact that the USPS ends every year deep in the red. Last year it was more than $8,000,000,000. Yes,that's nine zeros, and now you start to see a clearer picture. And who do you think is holding the bag for all those zeros? Right!


From Wikipedia:

On March 18, 1970, postal workers in New York City—upset over low wages and poor working conditions, and emboldened by the Civil Rights Movement—organized a strike against the United States government. The strike initially involved postal workers in only New York City, but it eventually gained support of over 210,000 United States Post Office Department workers across the nation.[9] While the strike ended without any concessions from the Federal government, it did ultimately allow for postal worker unions and the government to negotiate a contract which gave the unions most of what they wanted, as well as the signing of the Postal Reorganization Act by President Richard Nixon on August 12, 1970. The act replaced the cabinet-level Post Office Department with a new federal agency, the United States Postal Service,[10] and took effect on July 1, 1971.[11]
 
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