The cost of a stamp will jump by 5 percent in 2019, the USPS announced Wednesday. The Postal Service is in dire financial straits because its revenues are insufficient to support its operational costs and liabilities. Before I moved, I lived in a part of town the USPS wouldn’t deliver to. Completely wrong about the future, but interesting in how people thought computers would be used 10 years later. Why do we need PBS? 3/4 of the town they would. The government taxes us for the short fall in the user fees (stamps) another tax for the recycling, another tax for the roads that are used to deliver and take away the stuff I never wanted in the first place. “There is a cognitive dissonance at play and it’s probably the reason nothing really ever changes when Republicans do govern.”. The politicians wanted to privatize the post office so large campaign contributors like Fed Ex and UPS could pick off the most lucrative business. Pay for your service or don’t get it. Privacy Policy | PBS — where thousands work so dozens can watch. 5.10.2019 5:00 PM. ... here are the key figures for 2019: The Postal Service reported a net loss of $2.7 billion for 2017. If the P.O. The first is that revenue was flat at just above $17 billion. It is the only entity that can put something into a mailbox or through a mail slot. Postal Service Provide Banking, They Report Losing $2.1 Billion In 3 Months – NewsWars, After Losing Nearly $4 Billion Last Year, Postal Service on Track to Lose $7 Billion This Year - NAMELY LIBERTY, https://www.mcmbackpackonsale.com/mcm-claus-reversible-belt-in-black.html, Georgia Senate Runoff Elections Still Undecided, but It Looks Good for the Democrats, The Case Against Julian Assange Is Also a Case Against a Free Press, Spreading Enlightenment Ideas Beyond Borders, New York Bill Would Let the State Put People in Detention if Deemed a 'Significant Threat to Public Health', Bean Dad Canceled After Letting 9-Year-Old Daughter Figure Out a Can Opener. But you can’t and I can’t, so here we are. Those changes will … But there are others that have strong private sector employment and are growing. The U.S. By the end of the decade, the semi-independent government agency's losses had reached a record $8.5 billion, forcing the Postal Service to consider seeking an increase in its $15 billion debt ceiling or face insolvency. The pension funding issue the biggest problem. NEXT: Princeton Student Activists Have a List of Title IX Demands That Aren't All Bad. There is a $6.25 processing fee to replace a lost or stolen money order. It has lost $65.1 billion since 2007. Where do letters/bills etc get put? Why the hell don’t you have a mailbox??? The USPS raised its rates last October, a move that will cost the e-tailer $1 billion in 2019, and that's on the basis of the postal service handling just 40% to 50% of Amazon's deliveries. Then the cash will roll in. There is no mail I receive that could not be delivered electronically. USPS has been losing money for 12 straight years as electronic mail alternatives continues to eat into its revenue and efforts to remedy its financial problems continue to stall in Congress. big government equals post office, prisons, roads, and farming? To quote in full; “To establish Post Offices and post Roads” Says nothing about staffing only with overpaid federal employees. It's been losing money for years, including a $3.9 billion loss in fiscal 2018. “Its big losses are driven by a sharp increase in expenses, primarily workers’ compensation costs, pension liabilities, and payments for retirees’ health benefits.”. I’ve seen a steady trickle of post offices for sale on the GSA auction site over the years. | […] USPS is “on track to finish the current year more than $7 billion in the red,” Reason reported. Fredric Rolando, president of the National Association of Letter Carriers, said the increase in revenue actually demonstrated a “solid performance” by the Postal Service. But in reality, the agency is generating billions in cash. The USPS is not losing money.” | If I recall correctly, it was also only later that competing post offices were banned. © 2021 by Government Media Executive Group LLC. Of course, they can turn a profit with the simple change of charging everyone the same amount to deliver a piece of mail. Look what happened ‘just a day after Bernie Sanders and AOC proposed turning the Post Office into a bank’ – Hoax And Change, D’OH! could either drop that stuff or charge what it actually takes to deliver it, they’d be in much better shape. Postal Service began in 2020 with a dubious track record. CORRECTION: This article originally stated that the Post Office implemented a 5 percent increase in the price of a First Class stamp in 2019. I’d just as soon keep it, since I’m still going to be stuck paying for the agencies that are not only useless to me but actually hostile. USPS lost package phone number is 1-800-ASK-USPS (1-800-275-8777). Maybe consider for low value items but I don't use them anymore and have to bite the bullet and drive to the post office 2) make sure you have sticky labels that they are firmly attached. Notice you don’t get bulk main and advertising from them. Call USPS in the case of missing mail, lost mail, and delayed package. The U.S. Its been a bit of an urban myth pretty much since email became a thing. Postmaster General Megan Brennan on Thursday attributed the slow down to increasing competition. would effectively convert the Post Office into a bank of sorts, offering checking and savings accounts. ), have some war declared somewhere at all times, or create post offices or post roads. If you can fix it so I don’t have to pay for stuff I don’t use or want, you’re on. The Postal Service reported a loss of $2.7 billion for the fiscal year that ended Sept. 30. A precipitous decrease in mail usage continued to wreak havoc on the Postal Service’s finances, with overall volume dropping by 3.8 billion pieces. 12.30.2020 5:45 PM. Lots of (most?) Yeah I’ve seen those trucks hauling ass in the backest of the back roads and I was surprised. Accessibility | USPS likely will continue to lose money despite the efforts of its employees and leadership. Spending on salaries and benefits still increased by $1 billion, or 2%, and overall expenses jumped by $1.9 billion. 1.6.2021 12:17 AM, Jacob Sullum Now They're Facing $14,060 FDA Fees. T he U.S. But Postal Service revenue has mostly fallen or stagnated since 2008, when it hit a record $74.9 billion. We provide the food you eat, the lumber you build with, the gas in your car, the electricity you use to post drivel on the internet with. Million over the same amount to deliver a piece of advertising…but Congress won ’ let! Of poor Service that goes back years on my route first-class volume dropped 2.1! 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