Quote:
Originally Posted by retiredguy123
Wrong. According to AI:
"The U.S. Postal Service (USPS) lost $9.5 billion in the fiscal year that ended on September 30, 2024."
The Post Office uses fuzzy math which does not include money that is spent to pay retirement and other benefits to people who no longer work there. When they hire a fulltime employee, it is for life, even though they retire after working 25 years or so. Then they collect a pension, Social Security, health benefits, and other benefits for the rest of their life. But the Post Office doesn't want to include these costs in their budget. The only people who claim that the USPS is self-funded is the USPS itself.
A recent GAO audit of the USPS concluded that:
"Unsustainable Deficits:
USPS continues to incur deficits that are unsustainable, with net losses totaling over $62 billion over a decade."
This is from an independent audit, not self-serving propaganda.
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IMO the post office could fix, most if not all of their issues, by eliminating the business/bulk postal rate. This would accomplishnthe following:
1. Eliminate most if not all of the junk mail we receive.
2. Eliminated junk mail would reduce the bulk mail that gets handled the same way as 1st class mail but provides a fraction of the revenue of 1st class mail.
3. Reduce trash, we would have less waste paper flooding landfills.
4. Reduce weight in mail trucks providing better fuel economy, either electric or fossil fuel.
5. There would be no additional expenditure by USPS to make this change.
6. There would be zero impact on home delivery or business delivery of 1st class mail.
7. More efficient processing at sorting centers. Save wear/tear on sorting machines.
8. Possibly impact the sharing/buying/selling of address lists. Safer for citizens.
9. Possible staff reductions due to fewer items that need to be handled. Fewer staff = less medical ins, few pensions, fewer expensive supervisors, managers, etc. overall personnel savings.
Then we could think about reducing the number of days mail is delivered, e.g. Delivery only on M-W-F.