Monday, September 5, 2011

Postal Service On Brink Of Default


That kind of thinking is from someone who doesn't believe the free market can deliver goods/serv­ices better than gov't.


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To begin with, we don't have a free market system.  And it's not a matter of belief -- The government does do a better job (efficient­ly and more cost-effec­tively) of goods and services.  That's just a fact, Jack.

There are several factors to the USPS's woes, and privatizat­ion of some of what was a Constituti­onally mandated service is probably the leading reason.  When the bulk of what the USPS has been left to do is first class mail (which is still a bargain at 44 cents), and that is dwindling due to email and electronic communicat­ions, and it can't offset all of the expenses (overhead, etc.) with the pricier transactio­ns, it's being bled to death.  By the way, FedEx and UPS don't do it cheaper; they just do it 'custom'.  And if the USPS ends, just wait to see what a fortune private carriers are going to charge for first class mail.
Read the Article at HuffingtonPost

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