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This. Fix the service (and system). Not the branding. Plus, it's really every US tax payer paying for the problems...
by sbhere 12y ago
This. Fix the service (and system). Not the branding.
Plus, it's really every US tax payer paying for the problems...
- danielnaab 12y agoThe USPS doesn't cost the taxpayer a dime.
- dkrich 12y agoThis isn't really true. They cover their huge losses with loans from the government. http://money.cnn.com/2012/03/05/news/economy/postal_service_loan/ http://money.cnn.com/2012/03/05/news/economy/postal_service_...
- danielnaab 12y agoIt's an artificial debt... their pension plan is way oversized. Congress has put them in the ridiculous position of literally pre-paying pension obligations of employees who haven't been born yet.
- sp332 12y agoThey haven't been putting money into that since 2011. And their own page shows they would have been at -$3B in 2010 even without the pre-funding mandate. https://about.usps.com/who-we-are/financials/annual-reports/fy2010/ar2010_4_002.htm https://about.usps.com/who-we-are/financials/annual-reports/...
- danielnaab 12y agoUSPS has authority to run its own deficits quarter to quarter or year to year, and they have significantly improved their financial situation since the financial collapse and large drop in first class mail usage. Last year they would have run a surplus if it were not for the pre-funding liabilities: http://www.nytimes.com/2013/11/16/us/postal-service-trims-its-losses.html?_r=0 http://www.nytimes.com/2013/11/16/us/postal-service-trims-it... Congress needs to get out of the way and let the USPS succeed, but I fear the privatization interests are just setting them up for massive failure.