It’s not meant to be profitable. It is a service. As in: not a product. A service performed by your government. Subsidized by taxes because that’s how it works. That’s why it’s (almost) always the cheapest option when you need to ship or deliver.
Also, it WAS profitable, for the vast majority of its history. It only stopped being profitable something like 8-10 years ago, when Congress mandated that (IIRC) pensions had to be funded 70 years in advance.
It sometimes seems like there’s nothing good in this country congress won’t eventually destroy. The USPS was, and is, mostly an excellent organization. Only sabotage will bring it down.
The USPS would be profitable if they didn’t have to beg Congress to raise the price of stamps and weren’t forced to fund pension liabilities for people who won’t retire for 30 years.
I consider myself a news junkie, and I’d never even heard of this until right now. God, do I wish good news like this actually got the airtime it deserved!
Republicans fucked with the accounting in the PAEA to make it seem like it’s failing so they can privatize it… USPS actually makes money hand over fist.
Guess what big company has no obligation to deliver to anyone ever? You know who does have that obligation? No matter where in the country you live? The U.S. Postal Service.
What I’m saying is the strike will not be a boon for USPS as much as people seem to think. On the one hand they have government officials trying to get rid of it, on the other, to cut costs, they’ve offloaded a lot of their shipping to other companies like UPS, FedEx, etc. They’re going to feel the effects of the strike in a negative way. I agree with the guy quoted in the article that the other shipping companies like FedEx and DHL will be the ones getting the increased business. and they don’t have a union.
USPS looking at this to finally be profitable!
… Unless you actually work there cuz that’ll suck
Edit: It’s a joke guys
“United States Postal Service”
It’s not meant to be profitable. It is a service. As in: not a product. A service performed by your government. Subsidized by taxes because that’s how it works. That’s why it’s (almost) always the cheapest option when you need to ship or deliver.
Also, it WAS profitable, for the vast majority of its history. It only stopped being profitable something like 8-10 years ago, when Congress mandated that (IIRC) pensions had to be funded 70 years in advance.
It sometimes seems like there’s nothing good in this country congress won’t eventually destroy. The USPS was, and is, mostly an excellent organization. Only sabotage will bring it down.
Republicans are doing most of the destruction, not Congress as a whole.
I mean, it would be nice if ALL government pensions had to be funded decades in advance. Singling out the USPS was some blatant bullshit though.
USPS does not receive any taxpayer subsidies.
It only counts if a rich person got richer
That’s the power of government corporations!
The USPS would be profitable if they didn’t have to beg Congress to raise the price of stamps and weren’t forced to fund pension liabilities for people who won’t retire for 30 years.
The pension thing got fixed last year.
I consider myself a news junkie, and I’d never even heard of this until right now. God, do I wish good news like this actually got the airtime it deserved!
Republicans fucked with the accounting in the PAEA to make it seem like it’s failing so they can privatize it… USPS actually makes money hand over fist.
This article is about UPS(United Parcel Service) and not the USPS(United States Postal Service). UPS is a publically traded company.
The implication is that the disruption to UPS’s service will drive business to the USPS.
USPS usually handles the last mile. Guess what big company handles the other miles for them.
Guess what big company has no obligation to deliver to anyone ever? You know who does have that obligation? No matter where in the country you live? The U.S. Postal Service.
What I’m saying is the strike will not be a boon for USPS as much as people seem to think. On the one hand they have government officials trying to get rid of it, on the other, to cut costs, they’ve offloaded a lot of their shipping to other companies like UPS, FedEx, etc. They’re going to feel the effects of the strike in a negative way. I agree with the guy quoted in the article that the other shipping companies like FedEx and DHL will be the ones getting the increased business. and they don’t have a union.
DHL = 🤡