The truth is that the Postal Service has been and remains a bargain, much maligned by the public and Congress every time stamp prices rise. The Postal Service prepays billions into the retirement healthcare pension fund. Money that’s not there five minutes after it’s deposited. Why? Because Congress takes the money out and spends it on other things.
They’ve looted the Postal Service for years, they sold off profitable parcel business, refused to allow them to employ new and innovative moneymaking schemes....because FedEx and USPS lobbied Congress and said it was unfair competition. Nothing about this is simple. And Congress certainly won’t stand up and point the finger of blame where it belongs. If the Postal Service of all the federal agencies, quasi or otherwise, have to prepay billions into a fund that’s siphoned off in a blink of an eye, they’d be profitable and make money.
Very true. Adjusted for inflation, it is cheaper to mail a first class letter today than it was when the post office started in the late 1700’s.
That last sentence should read: if the Postal Service didn’t have to prepay billions....it would be profitable.