Replies

I can assure you that if I have this conversation with my Congressman, I am going to be pushing for complete dissolution of the Postal Service.

Why don’t the USPS run like any other business, and borrow money from banks? Why do they go to the Federal trough for credit?

By the way, the USPS tracking system is a joke. Have you ever tried to mail a critical document via USPS? I HAVE. Guess what happened? IT VANISHED. I did not get a refund, and the disinterested clerks at the Post Office where I mailed it basically told me, “Yeah, you paid extra, but it’s not guaranteed to get there by any particular time, and no, you do not have recourse.” Needless to say, that was THE LAST time that I used their service for anything important.

The USPS used to have independent borrowing authority but Congress decided to restrict them to borrowing through the Treasury because, get this, the rates were lower, and costs of servicing the loans were far less ~ and actually, the rates were sometimes lower, but the costs of servicing the loans went through the roof since the Treasury isn't all that efficient ~ they just say they're efficient ~ but they're not.

See your Congress-critter on that one BTW ~ it's the law ~ not a management decision!

Marvin Runyon is the guy who fired the USPS finance VP because, as it turned out, he was using private sector banks. Marvin was one of Ronald Regan's buddies ~ and also my cousin Senator Alexander's friend for that matter. (again, small world at the top). Republicans decided USPS shouldn't use private sector banks!

Now the tracking system ~ UPS refused to license theirs for general industry use. Talk to them about the problem. They caused it. BTW, people at USPS got fired over the issue ~ not me though ~ others.