The current mail system of the United States is "no longer financially sustainable," and the U.S. Postal Service (USPS) is looking for billions of dollars in cuts to its services.
The postal service announced Thursday it was considering closing nearly 250 processing facilities, cutting equipment by 50 percent and slowing mail delivery in an extreme cost-cutting effort. It is looking for $3 billion in annual savings.
And as the president and Congress search high and low for ways to boost job creation, up to 35,000 people could be laid off as part of that effort.
"We are forced to face a new reality today,” said Postmaster General Patrick Donahoe. “With the dramatic decline in mail volume and the resulting excess capacity, maintaining a vast national infrastructure is no longer realistic."
Since the advent of email and other electronic communication, the postal service has seen a steady decline in its use. More than 43 billion fewer pieces of mail are sent now than they were five years ago. First-class mail has dropped 25 percent, and the transmission of stamped letters is down 36 percent over that time frame. The postage purchased to send first-class mail is a primary source of revenue for the USPS.
The American Postal Workers Union blasted the move.
“The Postal Service should be urging Congress to address the cause of its problems – not slashing service and demolishing its network," union president Cliff Guffey said.
And lawmakers responded to the announcement by repeating their calls for legislative action to help shore up those ailing finances.
"Congress and the administration must act quickly to help the Postal Service save itself," Sen. Tom Carper (D-Del.) said. "Failure to act will result in the Postal Service being insolvent within a year, if not sooner, bringing more pain to communities across the country and wreaking havoc on our already fragile economy."
House Oversight Committee Chairman Darrell Issa (R-Calif.) said it was time for Congress to allow the USPS to act "more like a true business."
"Congress must enact decisive and comprehensive postal reform," he said.
The USPS is expected to hit its $15 billion borrowing limit by the end of September and has indicated it would not be able to make a $5.5 billion payment due at that time. As the USPS seeks to delay that payment until the end of the year, those struggles are driving concerns that the agency could default.
http://thehill.com/blogs/on-the-money/1 ... ew-reality
Losing my town
Re: Losing my town
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and weren't so lazy.”
Re: Losing my town
What does it cost to send a 1st class letter in the UK?
I just checked, its the equivalent of $0.73 US.
Here it is $0.44 and we are in a country much larger than England.
Fuck you. We're better and cheaper.
yrs,
rubato
I just checked, its the equivalent of $0.73 US.
Here it is $0.44 and we are in a country much larger than England.
Fuck you. We're better and cheaper.
yrs,
rubato
Re: Losing my town
Cheaper eh? So nothing to do with the dollar being piss weak against the pound then? 
Why is it that when Miley Cyrus gets naked and licks a hammer it's 'art' and 'edgy' but when I do it I'm 'drunk' and 'banned from the hardware store'?
Re: Losing my town
You really are too stupid to know how or why that matters. And our postal service sends a letter from Nome to KeySean wrote:Cheaper eh? So nothing to do with the dollar being piss weak against the pound then?
West for 50% less than you can send a letter from Bristol to London.
yrs,
rubato
Re: Losing my town
The problem with the "strong dollar, weak dollar" and "strong pound, weak pound" language is that it gives the false impression that strong is "good " and weak is "bad". While it is true that no educated person would make this mistake it is a commonplace among the most ignorant and stupid to make this mistake.
Sorrrrreeeee!
yrs,
rubato
Sorrrrreeeee!
yrs,
rubato
Re: Losing my town
You're funny!
Why is it that when Miley Cyrus gets naked and licks a hammer it's 'art' and 'edgy' but when I do it I'm 'drunk' and 'banned from the hardware store'?
Re: Losing my town
Just like this guy.



Your collective inability to acknowledge this obvious truth makes you all look like fools.
yrs,
rubato
Re: Losing my town
WASHINGTON (Reuters) - The Obama administration's plan to rescue the U.S. Postal Service would allow the agency to end Saturday mail delivery and sell non-postal products, according to documents released on Monday.
The plan, introduced alongside a deficit-reduction package, also would restructure a massive annual payment to prefund retiree health benefits and refund $6.9 billion the mail carrier says it overpaid into a federal retirement fund.
The White House says its plan would save the Postal Service more than $20 billion in the next few years.
"The administration recognizes the enormous value of the U.S. Postal Service to the nation's commerce and communications, as well as the urgent need for reform to ensure its future viability," the White House document said.
http://news.yahoo.com/postal-plan-save- ... 26630.html
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and weren't so lazy.”
