4 ms·
> ended fiscal 1998 on Sept. 30 Wrong decade. They lost 3.8 billion last year and expect to lose billions more this year [1]. They claim to have operational in
by lionhearted 16y ago
> ended fiscal 1998 on Sept. 30
Wrong decade. They lost 3.8 billion last year and expect to lose billions more this year [1]. They claim to have operational independence, but the Senate cuts them a check for losses that the Post Office will never pay back because its current form becomes less relevant and necessary every year. Fedex and UPS can do better package shipping, and electronic could take over for almost all documents now.
[1] http://www.washingtonpost.com/wp-dyn/content/article/2009/11/16/AR2009111603629.html http://www.washingtonpost.com/wp-dyn/content/article/2009/11...
I say close it down. Auction the assets off, pay post office workers a year or two's pay for no work to appease them, and give some kind of buyout to people with pension plans. Keeping the Post Office running to preserve jobs is a farce and massive waste of important resources.