Monday, October 5, 2009

U.S. Postal Service = failure.

Since the late 19th century, the unofficial slogan of the U.S. Postal Service (it doesn't have an official one) has been guaranteed delivery through rain, sleet, or snow. Nowhere mentioned in that motto is a crippling economy or revenue and budget shortfalls. The government-subsidized service faces a nearly $7 billion net loss by year's end, landing it on the government list of federal programs at “high risk” of collapse, right up there with Medicare and the 2010 census. President Obama even piled on, remarking this summer that America's postal agency looked pretty dismal compared with private competitors like FedEx and UPS...Link

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