I used to love postal delivery. Especially as a kid way back when before answering machines and when a phone rang like a phone, not a digital beeping machine.
The mystery of a letter traveling across multiple states to arrive in my mail box for just a few cents (10, 15, 20), was just amazing to me.
That said, if they can’t pay their bills, they either need to go out of business, or else they need to allow private enterprise to compete with them.
If Fed Ex or some other delivery service were allowed to use the postal addresses and mail boxes, perhaps they could do it better and cheaper.
Or we just need to completely overhaul the pay, benefits, and pensions of the unionized postal employees.
Or we need to give it up and reduce it to only those services that people are willing to pay the full amount to cover. If it should cost $2 to deliver a letter across state and someone is willing to pay for that voluntarily, let the transaction proceed. If it requires stealing from Paul to pay Peter’s letter delivery, shut the system down.
Why this will be a huge issue over the next year is the same reason why defunding the military is a huge issue. If you defund such a massive enterprise, it will contribute heavily to unemployment, which is why we continue to subsidize such enterprises.
Eliminate the Postal Rate Commission. Eliminate binding arbitration.
All of those things will require Congressional action.