U.S. Postal Service Faces Bankruptcy, Plans Cuts To Slow Delivery Of First Class Mail

No, it's not.  Numbers don't lie, pal.  

The US Postal Service, while it's supposed to break even, has averaged a profit of over $1 billion per year in each of the last five years, or would have if it hadn't been for the $5.5 billion it's had to pay out each year to satisfy HR 6407.
Read the Article at HuffingtonPost