On Fri, 14 Jun 2013, Cory Smelosky wrote:
On Fri, 14 Jun 2013, David Riley wrote:
I wonder if people didn't grouse so much
whenever postage went up with
rising transit and administrative costs (and a drop in junk mail, which
also subsidized the service) the system might be better. A few months
ago, they were going to stop Saturday deliveries because no one would
accept a hike in postage rates, but our Congress decided that that just
wouldn't do and MANDATED that they continue Saturday delivery (without
actually offering any more money to sustain it). It's such a broken
system.
I blame Nixon for why it's so broken and mismanaged.
Blame the US Congress and the inflexible "Postal Accountability and Enhancement
Act" that was passed in 2006 by the 109th Congress.
http://www.democraticunderground.com/10022335782
The pension funding requirement is why the postage rates have continued to go up
(especially for parcel services), along with the overall lowering of the quality of
service.
http://www.law.cornell.edu/uscode/text/5/8909a
(3)
(A) The United States Postal Service shall pay into such Fund?
(i) $5,400,000,000, not later than September 30, 2007;
(ii) $5,600,000,000, not later than September 30, 2008;
(iii) $1,400,000,000, not later than September 30, 2009;
(iv) $5,500,000,000, not later than September 30, 2010;
(v) $5,500,000,000, not later than August 1, 2012;
(vi) $5,600,000,000, not later than September 30, 2012;
(vii) $5,600,000,000, not later than September 30, 2013;
(viii) $5,700,000,000, not later than September 30, 2014;
(ix) $5,700,000,000, not later than September 30, 2015; and
(x) $5,800,000,000, not later than September 30, 2016.
(B) Not later than September 30, 2017, and by September 30 of each
succeeding year, the United States Postal Service shall pay into
such Fund the sum of?
(i) the net present value computed under paragraph (1); and
(ii) any annual installment computed under paragraph (2)(B).
This is /more/ than the USPS actually pays out each year.
Holy crap. That?s a LOT of money!
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/02/06/the-post-office-…
http://www.bloomberg.com/news/2012-08-02/understanding-the-post-office-s-be…
This is also why the USPS eliminated the international "surface mail" (cheap
but very slow) and "Global Priority" (airmail, under 4lbs)
[
http://pe.usps.com/imm_archive/html/imm_archive_2006/imm/immc2_016.html] and replaced
both with the MUCH more expensive "Priority Mail International". This alone
pretty much killed all the international shipping I once did, since it made international
postage cost as much or more than the stuff I used to send out.
More:
http://www.esquire.com/print-this/post-office-business-trouble-0213?page=all