USPS cannot be privatized with it’s current cost structure. If postage rates were increased to assure at least breakeven, mailing letters or packages would be unaffordable.
The element of the USPS cost structure that needs to be fixed in order that USPS be run like a business are their pension fund obligations. The postal unions would never approve such a thing. Maybe the only solution is a bankruptcy filing. The pension obligations would then be equal in seniority with those of all the other unsecured USPS creditors. Everyone would “get a haircut” of what they are owed, including the USPS retirees. The pension benefits offered current employees would also probably be cut by the bankruptcy creditor’s committee and the court.
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Politicians are like diapers--they should be changed frequently, and for the same reason.
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