US Post Looking for Another Bailout

Each year the government-controlled Post Office looses money. This past year it lost $3.8 Billion dollars even though it delivered less mail, than the previous year. (Actually 13% less packages). In addition, this loss follows losses in the previous two years 2007 – 2008 of $ 7.8 Billion dollars.

The agency cut 40,000 jobs last year saving $ 6 Billion dollars. It slashed overtime hours too. But none of these measures are enough to render the service profitable or even a break even activity. It does not generate enough money to keep operating – just the opposite.

OK, so what's the point you ask? This is a government run agency. It is costing us more to run than it takes in and is looking for more bailout money. Why do we keep floating it more money? Why don't they increase the cost of the postage?

Special interest groups is the answer. The majority of users are businesses that use the Postal Service for mailings. They don't want price increases for postage. Also the majority of Americans would prefer a cut in service (no Saturday deliveries) to keep postal rates low.

It is argued that no matter what, we should keep the Us Postal Service alive because it is "part of the fabric of the nation." However, it has not kept pace with technology and besides "snail" mail, we have FED Ex, UPS, email, text messaging, and instant messaging on the Internet and cell phones.

This isn't the only government run program that is running a deficit. We have Medicaid, Medicare, and Social Security all of which are spending (costing) more than we are taking in and they are all adding to the national deficit. We cannot afford these deficits in bad economic times. They are literally destroying America.

So what are we to do? If the government cannot run these programs without adding more and more to the national deficits, then ask yourself, why should you trust them to run government controlled health care? And, should we continue to bailout the Post Offfice?