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To: The Raven
Potter's letter

They probably had to FedEx it to get to the magazine in time.

19 posted on 11/03/2002 1:01:06 AM PST by Timesink
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To: Timesink
A federal audit indicates the Postal Service wasted more than $1 billion over the last four years, Good Morning America's Consumer Correspondent Greg Hunter has learned.

Hunter tried to get an interview with Postmaster General William Henderson to discuss the auditors' findings, but Henderson would not talk to ABCNEWS.

"The postmaster is highly accountable," said USPS Senior Vice President Deborah Willhite. "He's just simply not doing an interview with you." Postal officials say the Postal Service is a $65 billion business. Waste, and abuse are a small fraction of that total budget, they say.

Meanwhile, Americans are paying more to have their mail delivered. The Postal Service recently boosted the price of stamps by a penny, to 34 cents. Now it seeks another increase that would raise stamp prices anywhere from 3 to 5 cents. And the agency is planning to study how much it could save by ending Saturday service.

Over the past four years, government auditors have discovered that more than $1.4 billion have been wasted because of mismanagement, abuse and fraud. While the service was raising rates for first-class mail, they discovered, some managers were treating themselves to a variety of perks and bloated benefits.

21 posted on 11/03/2002 1:05:35 AM PST by kcvl
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To: Timesink
"It's outrageous," says Edward Hudgins of the Cato Institute. "If it did happen in the private sector, heads would roll, the people who wasted $23 million would be out looking for a job."

The Postal Service has also been criticized for spending $158 million in advertising for their overnight delivery services. Critics argue that the post office is a monopoly, and there is no need to advertise. The government agency even sponsors Lance Armstrong and the United States Cycling Team.

Despite criticism and big losses, postal officials have said that they will not cut their advertising budget.

"No business our size would operate without advertising to make people aware of the products they produce," Willhite said.

First-class mail volume is dropping, so the post office has spent and lost millions on new ventures.

It has spent $3.9 million trying to sell stamps from foreign countries. And it lost $84 million selling things like phone cards and postal clothing — everything from bike shirts to hats to socks.

22 posted on 11/03/2002 1:08:28 AM PST by kcvl
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