Tuesday, November 15, 2011

Postal Service reports massive $5 billion loss

And that's not the worst of it. The loss would have been $10.6 billion (!!!) if a bill postponing a $5.5 billion (!!!) payment for retiree health benefits had not been passed.

Trust me, I love the fact that I can pay $0.44 to send a letter to Southern California (or the next town over), but it's unlikely that it actually costs that. I'm guessing that $0.44 doesn't even cover the labor to pick up all the mail in the drop box.

Does this service go away? Does the cost need to reflect reality? Could it ever?

I don't think that I would want to be an employee there as there are some really had decisions that are likely headed their way.

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