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You've Got (No) Mail!

Tyler Durden's picture


In light of its 19th quarter of losses in a row, calls for a Federal bailout, and recent consideration of adding a Bitcoin exchange to its non-bank financial services (via a "postcoin"), we thought a glimpse how "postal" the USPS is set to become was useful. Some will call it progress of course but as the following chart shows, the number of US Postal Service employees has fallen to 50-year lows (and would and could be more) - "The Postal Service is doing its part within the bounds of law to right-size the organization,"  blaming federal mandates that restrict how it can conduct business and excessive funding requirements for its employee pension plan.



h/t @Not_Jim_Cramer


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Mon, 02/10/2014 - 15:50 | 4420746 Max Damage
Max Damage's picture

Algos go beserk trying to start a buying frenzy based on that chart. Who cares that they can't buy any. MOAR

Mon, 02/10/2014 - 15:50 | 4420763 fonestar
fonestar's picture

Snail Mail.... replaced by 1's and 0's with no "intrinsic value".

Mon, 02/10/2014 - 15:50 | 4420769 Max Damage
Max Damage's picture

Ticker USPS up 27% the algos have seen the abbreviation and gone for it.......

Mon, 02/10/2014 - 15:52 | 4420785 quasimodo
quasimodo's picture

And on heavy volume! That is one active message board there too.

Mon, 02/10/2014 - 15:57 | 4420809 nuclearsquid
nuclearsquid's picture

I would trash the USPS here, but I vowed to begin posting counterarguments, at least when I can find valid ones.


The USPS relies almost entirely on postage stamp revenue and rarely takes taxpayer funding.  The are in dire straits now mainly because of a recent law that requires them to prepay pension and healthcare costs of retiress (in multiple large bullets).  Compare this to the states, and thousands of municipalities, where these obligations are met with unicorn farts and pixiedust.  No wonder they have to lay off (or hire less of) so many workers.

Good for them.

Who here on this site will attack a government agency that is attempting to run like a profitable business, all while cutting bloated labor expenses and remaining at least efficient enough for Amazon to rely on?

Mon, 02/10/2014 - 16:00 | 4420814 nuclearsquid
nuclearsquid's picture

P.S.  I only half-meant the above defense.  I think the idea of the government visiting every abode in the U.S. six times a week is scary and retarded at the same time.

Mon, 02/10/2014 - 16:41 | 4420994 macholatte
macholatte's picture

I think the idea of the government visiting every abode in the U.S. six times a week is scary and retarded at the same time.


I think it's wonderful.

For less than half a dollar I can have a courier pick up an envelope at the location of my choice and deliver it just a short time later to nearly any location in the country with a very high degree of reliability. It's fantastic!

Mon, 02/10/2014 - 17:27 | 4421145 JoeSexPack
JoeSexPack's picture

USPS survives due to monopoly on stamps.


Allowing FedEx & UPS to sell stamps will kill USPS in less than a year.


Good riddance, most all my mail is advert's.

Mon, 02/10/2014 - 17:38 | 4421207 Flakmeister
Flakmeister's picture

Hell, my local grocery store has been selling stamps for years and the USPS is still around... 

Mon, 02/10/2014 - 18:01 | 4421305 JoeSexPack
JoeSexPack's picture

They sell USPS stamps, monopoly-approved.


Illegal for FedEx or UPS to sell their own stamps.


Gov't stamp monopoly, be glad to see them vanish.

Mon, 02/10/2014 - 18:12 | 4421362 Flakmeister
Flakmeister's picture


Mon, 02/10/2014 - 18:17 | 4421387 Droel
Droel's picture

Have you looked at the letter carriers lately? They look like they've given up.  They barely wear uniforms anymore and when they do they are quite disheveled.  They have no pride in their job anymore. 

Mon, 02/10/2014 - 18:43 | 4421491 JoeSexPack
JoeSexPack's picture

USPS is communism in America.


Gov't monopoly, can't be fired, hire mostly unemployable losers.


Contrast with UPS. Fast, efficient, professional. Never seen a UPS driver idle or fat.

Mon, 02/10/2014 - 19:35 | 4421759 balanced
balanced's picture

You obviously have no idea what you're taking about JoeSexPack.

The USPS exists today due to one thing - slave labor. I am unfortunate enough to have first-hand experience with their tactics. The vast majority of mail carriers are temporary contractors. After temping for a year, the USPS is supposed to hire them on as full time employees... so all temps get a week off every year during which they are officially let go then re-hired. Most of them drive their own vehicles which end up trashed. All of that is done for just over minimum wage and no benefits.

Mon, 02/10/2014 - 20:41 | 4421985 Flakmeister
Flakmeister's picture

Sounds like what any Captain of American "Industry" would do to maximize the bottom line...

Mon, 02/10/2014 - 21:33 | 4422163 JoeSexPack
JoeSexPack's picture



The facts remain. USPS has a monopoly on stamps. Allow FedEx & UPS to sell stamps & USPS will die in a year.


Its actual purposes are to deliver mostly junk ad's & employ lazy losers. It's a political patronage program, or vote-buying scheme, for Dem's & their unions.


USPS is a drag on the US. Dump them & US is much better place. No junk mail & horrid USPS attitudes.

Mon, 02/10/2014 - 21:56 | 4422247 JoeSexPack
JoeSexPack's picture

Some USPS stories, I need to vent.


Local Hermosa Beach, CA post office refused to put letter from me into PO Box in their station without a stamp. Surly black woman glared at me & said 'I can't be walkin' back there all day.' So I bought a stamp & she sent that letter downtown, reached PO Box 3 days later.


Visited Redondo Beach office on Artesia, & line went from 4 to over 10. Older black woman silently closed her window & walked out back, leaving friendly Philipino clerk on her own.


Package from Amazon went missing. Redondo office claimed delivered, but refused to name carrier. I visited to check & 2 different clerks told me to call supervisor Melvin, but wouldn't tell me his hours. Called Melvin 10 times over 2 weeks (no voice mail), then one day a woman picked up, told me Melvin quit 6 months ago & to call postal inspector dept. Inspection dept took my name & #, & said they'd call but didn't. Refused to give name of inspector involved. Local clerks lied to my face twice about a phantom-supervisor &  refused to give name of carrier. Inspection dept never called & refused to name inspector.


Told this to Amazon & they sent replacement BBQ thermometers overnight, no fee. Give me private carriers every time.

Mon, 02/10/2014 - 22:49 | 4422494 Midas
Midas's picture

I've got a very similar story, but mine is with UPS.  It has only been three weeks though, I haven't completely given up on my parcel.

Mon, 02/10/2014 - 23:51 | 4422687 StychoKiller
StychoKiller's picture

Mebbe you should have called the Postal Inspector General and reported that someone had stolen yer package at the Redondo facility, just saying.

Mon, 02/10/2014 - 16:43 | 4421004 Oldballplayer
Oldballplayer's picture

When I was in college, my summer job was as a casual carrier.  I delivered mail in the ghettos of the local urban sprawl.  I was a big football player so they thought they could put me in the shitty areas and no one would bother me.

Here I was little white boy, having people follow me, stuff dropped off third floor windows in my way, and generally just getting hassled.

I learned that the US can be a scary place.  I learned there were places where the population lived off the government, and I delivered their checks--twice a month.  I learned that a common name was Jose Rodriguez-Colon.  I guess that was John Smith.

I also gained a huge level of respect for the regular letter carriers.  They really did a good job--and they got pissed if you screwed up the mail on their route while they were gone.

But finally, I realized at a young age, back in 1979-80, that this country was fucked.  There were just too many people sucking at the teat of the government.  I became quietly racist.  I became much more conservative.  And I learned to not trust the government.  There was just no way this was going to be able to keep going on. 

And here we are 30 years later and the cancer is just about spread to the point where the center cannot hold any longer.

And the government now sucks out all of the cash from the post office through the retirement program--so that the rest of the civil service pensions can be funded.  It reminds me of Goodfellas.  The post office is the bar that they bought.  Can you smell the sterno rags they are sticking into the cieling?  They government is just about ready to light them on fire.

Too bad.  They were good guys, doing good work. 


Mon, 02/10/2014 - 20:43 | 4422002 Midas
Midas's picture

Consider how many more addresses are in existence compared with 1960 and they are making the stops with the same number of employees as 1960.  Rather than worry about the USPS, why don't we figure out how to get the rest of the federal government back to 1960 levels?

Mon, 02/10/2014 - 18:32 | 4421461 epicurious
epicurious's picture

I cannot say enough good things about the US postal system.  It is very efficient compared to a lot of other countries Canada for example is the most ponderously slow and inefficient.  On the island I live on part of the year it is the most reliable means of getting anything from the outside world.  UPS & Fedx lose stuff and are not as secure.   Jewelers and even Kitco use it to securely send very valuable shipments without any problem.  Unions the world over have been out of control in terms of layering cost on both private and public enterprise, so lay the blame where it belongs if you need to.

Mon, 02/10/2014 - 18:55 | 4421566 sleigher
sleigher's picture

General Delivery.  At my leisure...

Mon, 02/10/2014 - 16:01 | 4420818 Max Damage
Max Damage's picture

Up 100% now according to the yahoo link. Needs a price to sales of 50 though to reach fair value

Mon, 02/10/2014 - 16:01 | 4420827 CrashisOptimistic
CrashisOptimistic's picture

Except that . . . a private company would automate most of these guys, err, voters, out of work.  Those letters can be scanned in and authorization to open the letter provided by the recipient (who sees the envelope on a website and decides) at which time the contents is also scanned in for online review.

Presto, no more mail trucks or drivers.

Mon, 02/10/2014 - 16:06 | 4420840 max2205
max2205's picture

More bullets for less employees. ..makes cents?

Mon, 02/10/2014 - 16:26 | 4420925 Flakmeister
Flakmeister's picture

Let see Fedex or UPS do  2 day physical delivery for $0.48...

Mon, 02/10/2014 - 16:35 | 4420954 onewayticket2
onewayticket2's picture

sure, if you let Fedex lose $9 Billion a year and underfund their pensions....

Mon, 02/10/2014 - 16:41 | 4420981 CrashisOptimistic
CrashisOptimistic's picture

Point to oneway.

But you could fire all those guys and replace them with scanners.

Mon, 02/10/2014 - 16:48 | 4421028 Oldballplayer
Oldballplayer's picture

Their pensions are not underfunded. 

The Federal government requires them to fully fund every employee from the day they are hired.  100%.  There is no other company in the world that has to do that.

The reason is that they funnel their money into the Civil Service pension.  In essence, the post office is keeping the rest of the system afloat.  Why do they do this?  Because the post office is the only non military service that is specifically defined in the Constitution.  They CANNOT do away with it.  Even if they wanted to.

The whole retirement thing is an interesting read.  And it is the scam of all scams.

Mon, 02/10/2014 - 16:57 | 4421056 WillyGroper
WillyGroper's picture

Why not?

They've done away with everything else in the Constitution.

Mon, 02/10/2014 - 18:19 | 4421401 TheFourthStooge-ing
TheFourthStooge-ing's picture


Why not?

They've done away with everything else in the Constitution.

It's the only thing left in it that still works.

Mon, 02/10/2014 - 18:58 | 4421588 sleigher
sleigher's picture

It is the only thing in it that they are still following the rules of.  The other things work too, we just have a bunch of criminals running shit...

Mon, 02/10/2014 - 20:44 | 4422000 Flakmeister
Flakmeister's picture

Why don't you research the role of the firm Sullivan and Cromwell in coopting American foriegn policy for coorporate interests, hint, you need to go back quite a ways, long before "Big Gubmint"....

Mon, 02/10/2014 - 16:57 | 4420938 akak
akak's picture


Except that . . . a private company would automate most of these guys, err, voters, out of work.  Those letters can be scanned in and authorization to open the letter provided by the recipient (who sees the envelope on a website and decides) at which time the contents is also scanned in for online review.

Oh yeah, that is JUST what we need --- some third party opening and scanning the last bastion of communication privacy, our personal physical mail.

Mon, 02/10/2014 - 16:45 | 4421011 Oldballplayer
Oldballplayer's picture

You obviously have no idea how the letters get from point A to point B. Most of the time the last finger to touch them before the carrier delivers it to the other side of the yours. 

The technology is amazing.  The volumes are amazing.  And the accuracy is simply astounding.  Most public companies would kill to have those numbers.

You need to do some reading.

Mon, 02/10/2014 - 17:22 | 4421132 edotabin
edotabin's picture


Yes. Having done mail order in the past, I was very pleased with the USPS overall. Now with, Endicia and others you not only get discounts but every package is trackable (albeit not real time). In any case, the USPS really did deliver. Just my experience.


Mon, 02/10/2014 - 20:29 | 4421946 JeffB
JeffB's picture

It seems to me that wouldn't work for everyone. Some people don't have computers, or don't want to have all of their stuff sent to them electronically, or they would have authorized it to the senders in the first place.

Maybe they want paper documents but can't or don't want to print them out.

Or they're receiving things like credit cards or driver's licenses that can't just be printed out and used.

Or as others have mentioned are getting other physical objects, like pens or whatever.

Of course maybe the day is coming when they'll just receive those things electronically as well, to be printed on their 3D printers, eh? ;)


Mon, 02/10/2014 - 16:04 | 4420837 seek
seek's picture

I found the same when I researched this. It's pretty clear the USPS was being set up to fail, and if you dig just a little deeper, you'll find lobbyists connected to major package shippers behind it -- so just more crony capitalism, and in this rare case the winners picked aren't part of the government. Remember even with this pension burden USPS is routinely able to ship at lower cost than compeitors.

The USPS is probably the only major government entity that has its shit even halfway together.

Mon, 02/10/2014 - 16:09 | 4420856 nuclearsquid
nuclearsquid's picture

The nuclear navy does, as well.


Mon, 02/10/2014 - 20:35 | 4421961 sleigher
sleigher's picture

oh chris...

Mon, 02/10/2014 - 16:30 | 4420932 RKDS
RKDS's picture


The USPS is probably the only major government entity that has its shit even halfway together.

And that's exactly why the privatization parasites are so hell-bent on destroying it.

Mon, 02/10/2014 - 23:24 | 4422618 strayaway
strayaway's picture

You forgot the weather bureau. That makes two.

Tue, 02/11/2014 - 02:17 | 4422980 seek
seek's picture

True -- actually the dept of commerce (which NWS is in) in general is way better than most other areas at the federal level, though I'm sure there's plenty of waste/abuse there as well, particularly in the "economic development" area. But NWS, NIST, NTIA, NTIS are all pretty solid, and USPTO tries when it's not abused politically.

Mon, 02/10/2014 - 16:15 | 4420881 Canadian Dirtlump
Canadian Dirtlump's picture

absolutely nuclear squid, thanks to hastert the corpulent bastard they have a millstone around their neck, but oddly, prbably will always have a funded pension.

Mon, 02/10/2014 - 18:04 | 4421318 A Nanny Moose
A Nanny Moose's picture

We are so fucked

Mon, 02/10/2014 - 15:56 | 4420796 Ignatius
Ignatius's picture

Bad analogy unless you've figured out a way for your girlfriend (?) to email you a lock of hair.

Mon, 02/10/2014 - 15:57 | 4420810 fonestar
fonestar's picture

That is a very real possibility in the not too distant future.

Tue, 02/11/2014 - 00:18 | 4422760 are we there yet
are we there yet's picture

Or email a 3-D print of other parts of your girlfriend.

Mon, 02/10/2014 - 15:59 | 4420813 Motorhead
Motorhead's picture

And you don't have to lick a bitmail....

Mon, 02/10/2014 - 18:01 | 4421297 A Nanny Moose
A Nanny Moose's picture

Ah c wut ya did thar. Now that's funny.

Mon, 02/10/2014 - 15:47 | 4420753 slotmouth
slotmouth's picture

I feel safer already.

Mon, 02/10/2014 - 15:50 | 4420759 HyBrasilian
HyBrasilian's picture

I blame this on fonestar...


fonestar ~ How many BITCOINS do you pay to mail a letter?... You should have singularly REVIVED this service by now...


Mon, 02/10/2014 - 15:55 | 4420789 fonestar
fonestar's picture

You must be Francis Sawyer back to expose the Joos or something ~~! []

Mon, 02/10/2014 - 17:52 | 4420819 HyBrasilian
HyBrasilian's picture

fonestar ~


How many BITCOINS do you pay to mail a letter?... Like... .0005714? (=.40 cents/$700 ~ Feb '14)... .0004571? (=.32 cents/$700 ~ whenever/assuming)... .0004? (=.40 cents/$1000 ~ Dec '13)... .002666 (= .40 cents/$150 ~ Oct '13)... .04 (=$10/.40 cents ~ Jan '13)

You should have singularly REVIVED this service by now... STABILITY BITCHEZ!


I'm not interested in 'Joos' ~ [as you invite, above]... Instead ~ I'm interested in a reasonable dialogue with regards to BITCOIN [viability]...


You FAILED to follow up on my inquiries HERE:

Mon, 02/10/2014 - 15:50 | 4420761 mayhem_korner
mayhem_korner's picture



Fortunately, postal workers are perfectly qualified to transition into health care.  Problem solved!

Mon, 02/10/2014 - 15:50 | 4420762 Duke of Earl
Duke of Earl's picture

It's a junk mail delivery service.  Perhaps if they charged more to deliver garbage, our mail quantity would reduce and they'd make more money.  Win-win.

Mon, 02/10/2014 - 16:06 | 4420839 Kilgore Trout
Kilgore Trout's picture

Junk delivery 6 days a week, and pickup only on Tuesday morning. It's a losing battle.

Mon, 02/10/2014 - 16:16 | 4420876 Critical Path
Critical Path's picture

Couldn't have said it better myself.  Junk mail service

Mon, 02/10/2014 - 16:21 | 4420899 TheFourthStooge-ing
TheFourthStooge-ing's picture


It's a junk mail delivery service.  Perhaps if they charged more to deliver garbage, our mail quantity would reduce and they'd make more money.

Junk mail delivery subsidizes the costs of first class mail.

Just sayin...

Mon, 02/10/2014 - 16:30 | 4420934 Duke of Earl
Duke of Earl's picture

Junk mail delivery subsidizes the costs of first class mail.

Just sayin...

That they engage in a despicable activity to partly subsidize their activities is barely relevant.  Notice that UPS and FedEx do not deliver extra packages with credit card offers in them to help keep costs low.  Why do you think that is...

With the USPS Americans have no choice in the matter.  It is illegal for anyone else to deliver mail.

Mon, 02/10/2014 - 16:40 | 4420984 TheFourthStooge-ing
TheFourthStooge-ing's picture


That they engage in a despicable activity to partly subsidize their activities is barely relevant.

They are subsidizing your postage costs. Of course, if they did away with junk mail and had to raise the cost of a first class stamp to a buck and a half, you'd be fine with that, right?

Notice that UPS and FedEx do not deliver extra packages with credit card offers in them to help keep costs low.  Why do you think that is...

Because they charge a higher price and don't have to deliver to every address in the country.

Mon, 02/10/2014 - 16:59 | 4421063 Duke of Earl
Duke of Earl's picture

Their costs are my costs.  Not sure why you highlight a distinction.  They wouldn't have to deliver to every address if they didn't deliver junk to every address.  If stamps went to a buck and a half, then they would deliver even less mail.  Awesome how that works!

Perhaps people would find more use

Mon, 02/10/2014 - 23:21 | 4422612 strayaway
strayaway's picture

Think of the junk mail as being like ads in newspapers, magazines, TVs, and on this website that pay the bills. 

Mon, 02/10/2014 - 23:34 | 4422638 Duke of Earl
Duke of Earl's picture

The USPS is not a for-profit company trying to make ends meet.  You have no other option since it is its own monopoly by federal law.  You must use its service and must take all advertisements and cannot opt out.

To attempt corporate equivalence, try to imagine the IRS selling your phone number for telemarketing to "pay the bills".  Or Yahoo profiting on spam that is placed in your inbox disguised as real email.

Mon, 02/10/2014 - 15:50 | 4420764 Occams_Chainsaw
Occams_Chainsaw's picture

I'm certain after they arm the workers the number will drop much further.

Mon, 02/10/2014 - 15:51 | 4420779 quasimodo
quasimodo's picture

I'm sure this has nothing to do with the largesse the USPS, at the behest of you and I, has operated under for how many years now?


Mon, 02/10/2014 - 17:41 | 4420795 Flakmeister
Flakmeister's picture

The Fortune 500 would go tits up if they were required to fund their pension liablities as the USPS is required...

Mon, 02/10/2014 - 15:57 | 4420801 yogibear
yogibear's picture

The government couldn't even help by allowing Saturday delivery to be halted.

It's hopeless. The Government only wants to grow spending, not cut back.

Mon, 02/10/2014 - 15:55 | 4420802 Rising Sun
Rising Sun's picture

And the USPS also needs to hire consultants to deal with the dinosaur shit clean up in their handling centers.

Mon, 02/10/2014 - 15:57 | 4420803 Temporalist
Temporalist's picture

If only they could lend money like a bank a la Warren's brilliant idea...

Mon, 02/10/2014 - 15:55 | 4420804 maskone909
maskone909's picture

no offense but did borris write the first sentence of this articel?

Mon, 02/10/2014 - 15:58 | 4420808 Motorhead
Motorhead's picture

It's the weather (despite the mail carrier's creed, hehe).

Mon, 02/10/2014 - 15:57 | 4420812 rsnoble
rsnoble's picture

I will NEVER use USPS to ship anything again other than a letter.  Over the course of several years selling stuff on the internet they are a joke and im not the only one with these problems here are just a couple examples:

One time I shipped a lot of 10 packages to different places.  Only 3 showed up.

More than once anything that's over 25lbs 'disappears'.

I also dislike FEDX.  Some of their 'contract' drivers are idiots.

Although they have their problems.........UPS has been far superior to any service I have used and my route driver would bend over backwards if I asked him to.

As far as im concerned the laziness has gone on all too long.  Take for example the local postmater that just retired.  For a decade she'd show up with a brand new cadillac every year and she would tell you everytime you went there how she didn't care about her job.  Now the lazy bitch is probably sitting at home collecting $10k a month, free health insurance etc and guess who's paying for it?  And everyone wonders why their broke lmao.  Fucking worthless.

The only one of the bunch that I know that works is my mailman who works his ass off, is a neighbor, and is in a 'contract' position.  Apparently when you make it to the big time you get to sit on your fat ass and complain about your 100k job.

That's ok......i'm pretty sure the bitch won't live long she has the energy of a piece of fucking half-melted fudge with arms and legs.

Mon, 02/10/2014 - 16:16 | 4420883 Frank N. Beans
Frank N. Beans's picture

I think the postal service does an overall good job considering they have to deliver billions of items and very few percentage-wise get misplaced.  Some problems may have to do with poor packaging, no return address, or delivering without tracking numbers or delivery receipt.  


Mon, 02/10/2014 - 22:58 | 4422541 Midas
Midas's picture

No offense rsnoble, but if you managed to lose more packages (7 out of 10) in one shipment than I've lost in my entire life, I think you may be the one screwing up.  Or maybe you are getting scammed on the other end. 

Mon, 02/10/2014 - 16:00 | 4420824 Jason T
Jason T's picture

how many are collecting pensions?


my friend work for post office for a few years.. was layed off every year at end of December only to be re-hired 1st week of January.. so they didn't have to pay him benefits.  He left ultimitely and described the place as a complete  disaster.


Mon, 02/10/2014 - 16:09 | 4420858 akak
akak's picture

I'm no fan of government monopolies (or quasi-government monopolies), and say what you will about the Postal Service, but despite problems with certain packages having been received damaged, I will still take them ANY DAY over the abominably expensive and woefully unreliable UPS, whose so-called 'product tracking' and customer service are both laughably bad.  More than once I have retreived missing UPS packages from melting snowpiles next to my house in the spring, for example.  And both UPS and FedEx are grossly, GROSSLY overpriced for small package deliveries, even for their slowest delivery mode (ground shipping).

Mon, 02/10/2014 - 16:13 | 4420862 L_Conquistador
L_Conquistador's picture

What do you think the postal service would have to charge if it weren't subsidized by the taxpayers and had to break even?

Mon, 02/10/2014 - 16:16 | 4420877 akak
akak's picture

I don't know, but it is abundantly obvious to me that both UPS and FedEx utterly gouge the customer on small and slow package delivery, at least to and from Alaska.  How and why can groceries, for example, move to Alaska with a 10-30% shipping surcharge, and yet UPS and FedEx "ground" shipments (which move by the same barges) are charged 75-100% more than an equivalent Lower 48 shipment?

Mon, 02/10/2014 - 16:26 | 4420919 aerojet
aerojet's picture

Move out of the sticks.  

Mon, 02/10/2014 - 16:36 | 4420958 akak
akak's picture

Oh yeah, maybe into some grossly overpopulated, overcrowded, statist urban hellhole, like you?  No fucking thanks.

Asshole.  You totally and cowardly avoided my point.

Mon, 02/10/2014 - 16:27 | 4420927 TheFourthStooge-ing
TheFourthStooge-ing's picture


What do you think the postal service would have to charge if it weren't subsidized by the taxpayers

It's not. It's self funded. First class mail delivery is subsidized by the people who send junk mail.

and had to break even?

It does have to break even. It would be running a surplus if congress hadn't required them to pre-fund the next 75 years of retiree health care benefits over a ten year time span.

But hey, congress loves their slush funds.

Mon, 02/10/2014 - 16:53 | 4421040 Oldballplayer
Oldballplayer's picture

You really need to do some reading.

The Post Office is not subsidized by the government--aside from being given a Constitutionally designated--monopoly on first class mail.

The post office has far too many managers, and far too few worker bees.

Everyone there has four bosses, each with a new idea on how to become more efficient.  THATs the problem with the post office.

Cut the management ranks by 40% and the place would run like a top.

Mon, 02/10/2014 - 16:22 | 4420908 Surging Chaos
Surging Chaos's picture

Lysander Spooner is probably laughing in his grave right now.

Mon, 02/10/2014 - 16:26 | 4420920 Atomizer
Atomizer's picture

Your Post Office Now Wants to Be Your Bank Pay Day Loan Service

Mon, 02/10/2014 - 17:08 | 4421087 slightlyskeptical
slightlyskeptical's picture

The USPS should also become the savings bank for the common people.

Mon, 02/10/2014 - 18:10 | 4421334 optimator
optimator's picture

They are a bank.  You can get a ton of those "Forever" stamps and watch their value increase with every postal rate increase.  They finally caught on, after a year or two, to those folks that were getting large denomination money orders with their airline credit card and canshing them in a day later, and repeating.  Nice way to build up free miles.

Mon, 02/10/2014 - 16:24 | 4420922 aerojet
aerojet's picture

I know the cuts at USPS are working because every postal employee I run across is a surly bastard.

Mon, 02/10/2014 - 16:48 | 4421016 akak
akak's picture

They are probably surly because they have to deal with YOU.

Mon, 02/10/2014 - 17:12 | 4421093 RKDS
RKDS's picture

I upvoted you but I do have to say that the difference between my hometown post office and workcity post office is like night and day.

I run a small retail business on the side that relies on internet sales in between organized events.  The USPS folks at my local post office are always helpful and make me proud to do business with them.  The post office in the city, though, is a different story.  They are really surly and frequently act like they're being put out to deliver stuff for me.  They used to have one employee there who was cool but she either retired or moved away and it got so bad thart I just stopped mailing anything during the week.  No surprise, then, that proposed cutbacks on Saturday service were positively ludicrous to me.  It's got to be something with the city, though, because I notice the same difference between, for instance, Burger Kings around town or in the city.

Mon, 02/10/2014 - 16:27 | 4420930 yogibear
yogibear's picture

"Take for example the local postmater that just retired.  For a decade she'd show up with a brand new cadillac every year and she would tell you everytime you went there how she didn't care about her job.  Now the lazy bitch is probably sitting at home collecting $10k a month, free health insurance etc and guess who's paying for it?  And everyone wonders why their broke lmao.  Fucking worthless."

A good example of the whole government. Many drive top-shelf autos/SUVs always demanding  more compensataion. Bragging about their fat pensions as deserved. Even though many showed up at 10 AM and left at 3 PM.

Mon, 02/10/2014 - 16:35 | 4420961 TheFourthStooge-ing
TheFourthStooge-ing's picture

Another shitty USPS smear job article. They seem to cluster on ZH in late summer/early fall and late January/early February.

Since these are always lame, but bring out the whiners, I can only assume that it's click bait.

Just callin' it how I see it.

Mon, 02/10/2014 - 17:01 | 4421072 Atomizer
Atomizer's picture

If the Federal USPS bailout fits, its ships.

Mon, 02/10/2014 - 17:14 | 4421103 dogmete
dogmete's picture

At least when your package gets sent USPS it arrives within the century, unlike UPS.

Mon, 02/17/2014 - 17:10 | 4421216 GIABO
GIABO's picture

OMG... this is terrible, I am going to faint. I cannot live without the 50 pieces of fucing junk mail I get everyday....

Mon, 02/10/2014 - 17:44 | 4421225 eric89074
eric89074's picture

Glad my Dad's full pension will be there when he retires and won't be gutted by 50%+ like other retirement plans built on promises that will be broken.

Mon, 02/10/2014 - 18:44 | 4421501 Upland27
Upland27's picture

Time to bring back Mr. Spooner's American Letter Mail Company.

Mon, 02/10/2014 - 19:08 | 4421630 pupdog1
pupdog1's picture

I'm not so quick to rule out the USPS, even though I agree that they've been slackin' lately (our neighborhood has its own ad hoc postal service--we deliver all the error mail to the proper owner).

My local FedEx office has turned into a crappy stationary store, and it is very hard to get urgent package service there.

Most importantly, the USPS is still the most reliable way to send a nail gun to a banker.

Mon, 02/10/2014 - 19:20 | 4421690 pupdog1
pupdog1's picture

The USPS was forced to pre-fund their retirement plan just so my thievin' US Congressprick could get his filthy hands on it, just like he did with the social security account with my name on it.

Mon, 02/10/2014 - 23:37 | 4422659 strayaway
strayaway's picture

Don't be so nice. Spell it out. Congressman Issa and Congress are requiring the Postal Service to pre-fund the next 75 pears of its pension obligations within 10 years. Not many corporations could survive such an imposition. The intent is to destroy the Postal Service so that crony capitalists can pick up the pieces and employ a profit model benefitting themselves. UPS used to have the largest number of corporation lobbyists in Washington and has sued the Postal Service for not charging enough for shipping parcels. Congress is using the postal pension money to help balance its budget like Clinton did with Social security funds. It's curious how lame Democrats have been about letting this part of our national infrastructure collapse. 

Mon, 02/10/2014 - 21:14 | 4422097 franzpick
franzpick's picture

"doing its right-size the organization"

It's time all right - to do its part to right-size its operations and budget, and cut the expense of PHOTOGRAPHING ALL MAIL AND PACKAGES, and BUYING 2 BIL ROUNDS OF AMMUNITION.

Why does our worthless congress year after year allow such extra-legal extravaganzas in this perennial money losing, obsolete system? 

Tue, 02/11/2014 - 00:06 | 4422731 are we there yet
are we there yet's picture

Did you know a few years ago the postal system stopped the practice of exchanging past stamps face value for new issue stamps. My company has 4 or 5 thousand dollars in stamps it can not parctically use. I know of no way to unload them near face value.  Wish we had bought gold instead. How many believe the forever stamp will be forever?

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