The Last Stamp
An insolvent business can either diversify or dissolve. The rate at which the US Postal Service is losing money is ludicrous at this point, but it's not all their fault. This short article from CNN Money sheds some light on the other factors. Congress. The USPS lost $5 billion in 2011, and $16 billion in 2012. I remember hearing about their massive losses for a few years now. They have been working on it since, through layoffs and rate increases to no avail. The forecast is for more, and we (taxpayers) will have to help them. It's another case of making a cut "here", all the while letting the deficit from "there" fall in the lap of our social net. Where do Americans go when they get laid off, with few real job options? Either way, we will be helping fellow Americans who have been strangled by our government again. The relationship between the postal service and DC is a slave/master type of thing. I'm sure all of that will all be worked out with little ...

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