Looming Postal Losses
The good news for the Postal Service is that next year it expects to increase income and reduce spending. The bad news is the agency still expects to lose $600 million.
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ABOUT THIS BLOG
Government Executive Staff Correspondent Alyssa Rosenberg takes a look at news affecting the management and operations of the massive federal bureaucracy.
I am a union guy. But the Post Office needs a shake up. Too many little,redundant offices. too many mis delivered pieces of first class mail.
The post office must advance beyond 1940.
Wise Old Owl Posted Thursday, September 27, 2007 8:13 AMYear ago, federal agencies (except Congress), did away with franked mailing envelopes and were forced to pay for postage (per item versus the quarterly estimate). This took a bit out of agency budgets (buying stamps, leasing postage meters), and was supposed to help with the postal deficits. Now years later, with almost annual rate increases (and other tactics like shrinking the size of an envelope for the first class rate), and the millions that federal agencies contribute for stamps, this lack-luster quasi-federal agency still cant turn a profit. Even with all the "collectible" they try and sell, and the added services the teller push when you want to mail a package.
Time to turn the light out on this agency and let it go private. The USPS, along with another albatros...the GSA...just need to go away.
Baffled Employee Posted Thursday, September 27, 2007 2:03 PM