Is the Post Office the next Government Failure?

For all those who put their trust in a centralized government running everything under the Sun.  Looks like the Post Office is going broke.  I like my Postman and want to see him six days a week.  He brings me my Meds… Time to privatize the USPS, But Democrats always  say any type of privatization is a “risky Scheme” .  Risky because they don’t have their hands all over it.

(WASHINGTON) — It’s the biggest civilian employer after Walmart, but apparently the U.S. Postal Service is not “too big to fail.” Friday, the Postal Service said that without Congressional action it could be bankrupt by the end of next year.

“We will continue our relentless efforts to innovate and improve efficiency. However, the need for changes to legislation, regulations and labor contracts has never been more obvious,” Postal Service Chief Financial Officer Joe Corbett said in a statement.

The venerated 235-year-old institution is deep in the red. It lost $8.5 billion last year, shedding 105,000 jobs. In the next ten years, the agency could lose a whopping $238 billion.

While not obsolete, mail carriers are certainly carrying less and less mail.

In the 2010 fiscal year, mail carriers delivered 6 billion fewer pieces of mail than in 2009.

via 1250 AM WTMA: The Big Talker | News and Talk from Charleston, South Carolina.

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