I remember when that happened. I also read at the time that both UPS and FedEx were making a lot of noise with the feds on how either one of them could handle the workload and save the government money at the same time. I would think that the feds would have to find all of those folks at the USPS other government jobs. Wouldn’t that be fun. I remember when the USPS made money every year. I think that they really got the short end of the deal a few years back.
Then there is the Postal Accountability and Enhancement Act of 2006 (PAEA), which some have taken to calling “the most insane law” ever passed by Congress. The law requires the Postal Service, which receives no taxpayer subsidies, to prefund its retirees’ health benefits up to the year 2056. This is a $5 billion per year cost; it is a requirement that no other entity, private or public, has to make. If that doesn’t meet the definition of insanity, I don’t know what does. Without this obligation, the Post Office actually turns a profit. Some have called this a “manufactured crisis.” It’s also significant that lots of companies benefit from a burden that makes the USPS less competitive; these same companies might also would benefit from full USPS privatization, a goal that has been pushed by several conservative think tanks for years.
…which should have already been done. The government involves too much useless politics in business that would prosper more without it. Efficiency is thrown out of the window and government run organizations become a black hole of losses. The postal service needs to be privatized.