The U.S. Postal Service is the only government agency in the Constitution of the USA. It was set up so everyone gets universal delivery regardless of where they live for the same price.
Does Mr. Thomas Gilbert (Letters, Oct. 12) think that privatizing the post office would guarantee that service? Private postal companies like UPS already use the post office to deliver to places unprofitable to them.
Mr. Gilbert may not need his mail daily, but there are plenty who do. What business shuts down half of the time in order to increase revenue? Does he think UPS or Fedex would be profitable if they only delivered three days a week?
The USPS was set up by Congress as a break-even business; it’s not supposed to make money and has done so at no taxpayer expense. Everything comes from the sale of stamps.
During the past five years, the post office hasn’t had huge increases in rates, unlike UPS or Fedex.
The post office would’ve broken even each year if it hadn’t been saddled with the $5.5 billion payment to pre-fund its future retiree health benefits. This payment (which no other government agency or private business is required to do) is a huge burden required to fund benefits for people not yet hired.
The post office isn’t broken; there are many ways it can look to save money. Times are changing and like any business the post office has to change with them.
As the nation’s largest public employer, I think it’s a very well-run institution; just read President George W. Bush’s commission on the postal service and it’ll tell you the same thing.