Guess Which Gov Entity Predicted to Break Even But Lost $6.5 BILLION...w/A "B"

L84Cabo · Nov 15, 2023

That's right...it's the US Postal Service.

If you or I lost $6.5 Billion for our company, we would be fired on the spot and NEVER work again. This is so endemic of the problem when people spend money that isn't theirs. Nobody cares. So the problem goes on year after year.

Why is the government in the postal business? It may have needed to be a couple hundred years ago but it sure doesn't need to be now. If Fedex and UPS can be profitable, why can't the USPS?

Pencil me in in 2024 and I will fix this nonsense...along with daylight saving time...and I have a hell of a plan to solve the immigration problem.

US Postal Service reports $6.5 billion net loss for 2023 fiscal year

The U.S. Postal Service on Tuesday reported a $6.5 billion net loss for the 12 months ending Sept. 30 and said it will not breakeven next year as first-class mail fell to the lowest volume since 1968.

www.reuters.com

WASHINGTON, Nov 14 (Reuters) - The U.S. Postal Service on Tuesday reported a $6.5 billion net loss for the 12 months ending Sept. 30 and said it will not breakeven next year as first-class mail fell to the lowest volume since 1968.

The Postal Service said revenue fell 0.4% to $78.2 billion results. U.S. Postmaster General Louis DeJoy said the loss includes $2.6 billion in inflation costs "above what we projected and what we were able to recover... We are not happy with this result."

CamoDeafie · Nov 15, 2023

And the worst thing is.. you can't really stop the junk mail

Edit. I'd be OK with losing US postal Service if it means no more junk mail

but it'd also mean that DHL, FedEx, UPS would be the only game in town and they'd raise prices so much that it's just not worth using them for anything lighter than 1 pound