Senior Chief wrote:1st class postage in the USA is 55 cents. First class postage supports all the junk mail spam that everyone received.. Junk mail cost the sender less than a letter. If all junk mail paid the same amount as 1st class postage perhaps the post office would not be running at a loss...
How many people actually sit down and write a letter, place in an envelope, place a stamp on it and mail it. With the advent of tech, social media, smart phones, very few people mail letters. Corporations are doing away from sending out invoices/bills and fewer people are mailing in their payments. It is done by directly debiting bank accounts or credit cards. The post office is a bankrupt business model where most of the overhead is in employee expenses, facilities, and equipment that cost more than the revenue of postage.
I have always thought that the post office should be done aways with and given to corporations to run. The USPS should only be used for government mail.
Sell off the building and vehicles to some private business and let them handle the rest of the mail/packages.
I have family members that are current and retired employees of the post office so I hear how badly things are run.
Just MHO for what it is worth so flame on as people usually do...
Others have already addressed the monetary issue, but as for privatization:
Privatizing the USPS basically means no mail to a portion of the US. It's simply not profitable to send mail to more remote places (and those are the places that need mail more as Internet connectivity is often lacking there). Even now, Fedex and UPS use the USPS to send some of their mail.