Janelle Ericsson:
"GRAND JUNCTION, Colo., -- Saturday delivery is on the proposed chopping block as the U.S. Postal Service looks for other ways to stay on budget. The post master general introduced the new piece of legislation to congress Tuesday in an attempt to avoid a bailout.
The postal service says it does not receive tax dollars for operating expenses. It relies entirely on the sales of postage, and services to fund it's operations. It says as more people turn to electronic payments and internet to keep in touch USPS says it cannot keep operating the same....." (Read more? Click title)
"Unapologetically pursuing and tracking patterns within the news others make since 2010."
Showing posts with label USPS. Show all posts
Showing posts with label USPS. Show all posts
March 26, 2012
SandBoxBlogs: Red State "And Now for a Postal Bailout "
Daniel Horowitz:
"It’s another week in Washington, and it’s yet another bailout. This time, taxpayers will be tapped for another $41 billion to subsidize the healthcare retirement benefits of postal workers – benefits that are quite scarce in the private sector.
Democrats have a serious problem with creative destruction and advancements in technology. For self-described progressives, they are quite regressive when it comes to efficiency in markets and use of technology. They exhibit nostalgia for 14th century energy technology and 20th century banking technology. Hence, they don’t care too much for market progression. In concerted drives to hold back the tide of technology, they are quick to offer a helping hand to a dying industry. One such industry is the mail delivery.
It’s no secret that the United States Postal Service is on its way out. The transition to electronic communication, in conjunction with the success of private mail carriers, has dramatically reduced the demand for their service. Consequently, they no longer generate enough revenue to function as a self-sufficient entity, particularly when it comes to paying employee retirement benefits. In recent years, the USPS has patched the annual losses with borrowed money from the Treasury. However, it is now in such dire straits that it’s expected to hit the $15 billion borrowing cap later this year. It needs extra taxpayer cash to fill in the gaps.
If the USPS were a private entity, it would trim its workforce and operations to the amount of revenue they can produce until they are eventually forced to go out of business. That’s how creative destruction and supply and demand work in the real world. That is not how it works in Washington...." (Read more? Click title)
"Unapologetically pursuing and tracking patterns within the news others make since 2010."
"It’s another week in Washington, and it’s yet another bailout. This time, taxpayers will be tapped for another $41 billion to subsidize the healthcare retirement benefits of postal workers – benefits that are quite scarce in the private sector.
Democrats have a serious problem with creative destruction and advancements in technology. For self-described progressives, they are quite regressive when it comes to efficiency in markets and use of technology. They exhibit nostalgia for 14th century energy technology and 20th century banking technology. Hence, they don’t care too much for market progression. In concerted drives to hold back the tide of technology, they are quick to offer a helping hand to a dying industry. One such industry is the mail delivery.
It’s no secret that the United States Postal Service is on its way out. The transition to electronic communication, in conjunction with the success of private mail carriers, has dramatically reduced the demand for their service. Consequently, they no longer generate enough revenue to function as a self-sufficient entity, particularly when it comes to paying employee retirement benefits. In recent years, the USPS has patched the annual losses with borrowed money from the Treasury. However, it is now in such dire straits that it’s expected to hit the $15 billion borrowing cap later this year. It needs extra taxpayer cash to fill in the gaps.
If the USPS were a private entity, it would trim its workforce and operations to the amount of revenue they can produce until they are eventually forced to go out of business. That’s how creative destruction and supply and demand work in the real world. That is not how it works in Washington...." (Read more? Click title)
"Unapologetically pursuing and tracking patterns within the news others make since 2010."
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