It looks like Seinfeld’s Kramer was on to something when he protested the U.S. Postal Service here and here.
The U.S. Postal Service is in serious debt and projects $238 billion in losses over the next 10 years. USPS has already borrowed $10 billion from the government and is expected to hit its debt limit of $15 billion next year.
USPS is currently required by law to deliver the mail six days a week. Postmaster General John Potter is expected to seek approval from the Postal Regulatory Commission and Congress to reduce mail delivery from six days down to five.
Mail volumes decreased by 28 billion pieces of mail last fiscal year alone. Potter expects this decline to continue. The federal government will have to continue cutting services or raise the price of stamps to help USPS get out of debt. But what’s the value in a program that provides less and costs more?
Wouldn’t it be more sensible to save taxpayers hundreds of billions of dollars and leave mail and package delivery to companies like FedEx and the United Parcel Service who are better and cheaper?
TAKE NOTICE: Potter received a 40 percent increase in salary from 2007 to 2008. He also got a $135,041 executive bonus plus his $381,496 pension and nearly $78,000 in perks including membership to airline clubs and travel for his spouse.
Okay, wake me when UPS and FedEx will deliver a letter to anywhere in the country for less than $.050!
Oh, right, forgot John Potters salary is REALLY relevent to this issue…Sheesh, will you people ever give up and join the American team?