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Started By
Message
Why is the USPS allowed to continue to operate at a loss each and every year?
Posted on 4/2/24 at 2:04 pm
Posted on 4/2/24 at 2:04 pm
quote:
USPS reported a $2.1 billion net loss for the first quarter of fiscal 2024 — more than double its $1 billion net loss for the same period last year.
LINK
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Posted on 4/2/24 at 2:06 pm to chili pup
The only reason that I can think of is that documents are legal through the mail 
And no government is ever trimmed
And no government is ever trimmed
Posted on 4/2/24 at 2:06 pm to chili pup
It's just a social service at this point. Supplemented by the federal govt. They are wholly inept at managing an actual business which is what it's supposed to be. So this is what we get.
Posted on 4/2/24 at 2:09 pm to Broke
Jacking rates up to at least break even would have a negative impact on the economy. That's why.
Frankly their rates are ridiculously low compared to UPS/FedEx for the same package and service.
Frankly their rates are ridiculously low compared to UPS/FedEx for the same package and service.
Posted on 4/2/24 at 2:09 pm to chili pup
Can you show me a government run entity that operates in the green?
Posted on 4/2/24 at 2:10 pm to chili pup
quote:
USPS reported a $2.1 billion net loss for the first quarter of fiscal 2024 — more than double its $1 billion net loss for the same period last year.
In Biden math, that's excellent!
Posted on 4/2/24 at 2:10 pm to chili pup
It is really strange how much certain people treat usps as some sort of sacred national good/source of national pride
It’s an antiquated vestigial structure, and it’s original purpose was to be a source of revenue for govt
It’s an antiquated vestigial structure, and it’s original purpose was to be a source of revenue for govt
Posted on 4/2/24 at 2:12 pm to bbvdd
quote:
Can you show me a government run entity that operates in the green?
2 i can think if off the top of my head
I.R.S.
BOEM/BSEE (used to be MMS, they collect on every drop of oil pulled from federal land/water)
But those are the only 2 I know of
Posted on 4/2/24 at 2:15 pm to chili pup
It's basically a jobs program/wealth redistribution scheme at this point.
Posted on 4/2/24 at 2:15 pm to dakarx
Time to privitize USPS.
I'm not sure why this movement hasn't caught on yet.
I'm not sure why this movement hasn't caught on yet.
Posted on 4/2/24 at 2:16 pm to chili pup
They are the first line of mail-in ballot fraud.
Posted on 4/2/24 at 2:16 pm to chili pup
It's never made any sense that it's funded by the federal government and run mostly like a government organization (not allowed to do cost cutting measures) but they're expected to operate at a profit.
Posted on 4/2/24 at 2:16 pm to chili pup
USPS can never be self sufficient. Deliver every day to every location in the US, no matter how remote.Retirement must be fully funded. If you say, give it to UPS or FedEx, they don't not have the infrastructure. Also, those two, along with Amazon are the USPS' largest customers.
Posted on 4/2/24 at 2:18 pm to bbvdd
quote:
Can you show me a government run entity that operates in the green?
USPTO
Posted on 4/2/24 at 2:21 pm to chili pup
quote:
Why is the USPS allowed to continue to operate at a loss each and every year?
The Congress shall have Power...To establish Post Offices and post Roads
It's one of the few enumerated powers of the federal government.
This post was edited on 4/2/24 at 2:22 pm
Posted on 4/2/24 at 2:32 pm to slaphappy
quote:
Retirement must be fully funded.
This is what is causing the massive deficit.
Posted on 4/2/24 at 2:34 pm to MFn GIMP
quote:
The Congress shall have Power...To establish Post Offices and post Roads
Just because they have that power doesn't mean they are mandated to exercise it.
Posted on 4/2/24 at 2:34 pm to chili pup
The post office is in the constitution. You'd have to change the constitution to get rid of the post office.
Posted on 4/2/24 at 2:44 pm to chili pup
It's a government agency. Do you think the US Court system turns a profit? Does wildlife and fisheries turn a profit? Nobody would even ask those questions because it sounds too silly. the USPS is really no different.
Posted on 4/2/24 at 2:46 pm to chili pup
Because it's a service, not a business.
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