I have no sympathy for the PO – get out of the UNION business!
H/T Town Hall.
The postal union needs to be broken and the Post Office privatized.
it would be helpful if he applied his management skills to some of the government’s businesses.
The Postal Service just wrapped up another dismal financial year, losing $5.1 billion. The bright side, it says, is revenues were up somewhat, and losses actually decreased from the $5.8 billion reported in the previous fiscal year.
To continue this trend, the Postal Service has done what no business would do – announced a price increase on what is now its most-profitable product to increase investment in unprofitable lines.
Prices will go up a penny on single-piece letters and cards, on which revenue covered 175 percent of expenses, and presorted letters and cards, on which revenue covered 363 percent of expenses.
Postal Service leaders say the losses, which now total more than $50 billion since 2009, result not from…
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