I had dinner with my Congressman two weeks ago, but the USPS was not a topic of conversation.
Here’s a link to the USPS filings:
http://about.usps.com/who-we-are/financials/welcome.htm
A quick perusal of the 8K shows that what you are saying is incorrect. 30% of the recently announced losses are operational, and due to declining First-Class and Standard mail volumes. This no surprise—snail mail is an increasingly irrelevant communications medium.
I note further that the USPS want to offer “non-postal products and services.” I welcome their doing so, PROVIDED that all of the taxpayer loan facilities are cut immediately and forevermore, and not one thin dime comes from the taxpayers in the future, AND the USPS loses its monopoly on—what did you call it?—”Letter Mail?” Open it up for competition.
I can tell you that I get bulk rates on Fedex letters, and my rate to overnight a letter with Fedex is cheaper than trying to do it with the USPS, ***and*** I can track it all the way and have a service level guarantee! The USPS, for all their billions of Federal dollars and all their legions of navel-gazing morons, cannot match Fedex’ service level or price. The USPS is a useless waste of space.
i did mention borrowing ~ they borrow money ~ and operating losses are a cause for concern at the Postal Rate Commission ~ the postal design is to raise postage rates with PRC permission.
Talk to your Congressman ~ ask him why that hasn't been done.