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US Postal Service Loses Over $3 Million in Fourth-Quarter

Posted by Steve Markowitz on February 9, 2012

The Associated Press reported that the United States Postal Service (USPS) lost a staggering $3.3 billion during the last three months of 2011.  This brought last year’s total loss to over $5 billion and indicates a fast increasing deficit with time.

The USPS is an example of the inability of governments to manage the people’s finances.  While a significant portion of the Postal Service’s problems relate to the declining usage of mail as people switch to the Internet and private delivery services, the government has mismanaged this organization through inefficiency, a bloated workforce and offering excessive benefits to employees.

The USPS did not see the changes in its business coming and has not been able to take corrective steps quick enough to offset the losses, clear evidence of mismanagement.  Instead of using this example of ineffective government management as a lesson, Progressives like Barack Obama want to give more power to the government.  Anyone that expects better results from Obamacare is in fantasyland.

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One Response to “US Postal Service Loses Over $3 Million in Fourth-Quarter”

  1. John Nelson said

    SO WELL SAID – AMEN – AMEN – AMEN

    This should become a commercial for the Republicans this fall!

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