The U.S. Postal Service is ending delivery on Saturdays starting in August 2013. Are you in favor of this policy change? This is obviously a prudent money saving move by the Postal Service (which is losing money), which they say will save $2 Billion per year. What are the downsides to losing Saturday mail delivery?
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Even though I am occasionally waiting for an important piece of mail and waiting until Monday is not ideal, I am OK with not getting mail on Saturdays. Perhaps it is invetiable with the rise of computer communications and bill payment, etc.
Another thing we can thank the Bush administration for!
The 2007 pension protection act was passed because literally hundreds of pensions were not properly funded and lying to their employees nationwide. The acturial assumptions your talking about are a MUST for an actuary to calculate benefits properly.
those 100's of pension funds were not the postal service, who's systems were secure. the congress cant raid the OTHER pension funds, like they have this one. they will destroy our postal system, the model on which other nations have based thiers.
I agree with the raiding, but the ultimate liability still falls on the taxpayer anyway for a lack of proper funding of a commutted value in their DB plan. Their problems are much deeper than that. There is no accountability there at all.
agree with you LMW,.. the postal service had other deeper institutional problems before the con. mandate,.. but nothing that couldnt be fixed with good oversight,. this was putting out the housefire with a bulldozer... lol!
What they need to do is operate as a private entity like Fed Ex and be accountable to their customers. I alway pay the higher freight with Fed Ex. Well worth it. Fankly I have no need for the PO anymore with online bill pay.
For them to save money, they'd have to cut some people's hours. So it goes. Computer workers get more hours to set up and keep computer communications going, and postal workers lose hours because Saturday delivery is eliminated.
While I agree with the spirit of your response that we should privatize government services when possible, the U.S. postal service was set up at the founding and is part of the original social contract that mail services will be universally provided.
There was a postal service established in 1775 by Ben Franklin, and it was gradually changed over the 200 years that followed, but "universally provided" mail service still does not exist, and USPS as we know it was founded in 1971.