Commentary The U.S. Postal Service is underwater. It’s financially drowning. Ben Franklin, America’s first postmaster general, must be rolling over in his grave. Even Biden’s Postal Service director, Louis DeJoy, admits that the agency LOST $15 billion over the past two years. His prognosis is anything but promising. HE predicts some $160 billion of red ink over the next 10 years. Did I mention that by law, the Postal Service is required to be a self-financing operation? There’s one big reason why snail mail volume is shrinking right before our very eyes: Email. Electronic mail means that financial transactions, letters, photos, journals, and even junk mail (now called spam) can be sent over the internet for free. There’s no turning back the clock here. The mailman is going to go the way of the milkman. And soon. One would expect given this dismal financial outlook for mail delivery that Congress …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta