[GenuineRisk]

Originally Posted by dellinger63

The USPS shouldn't go to congress, it should go to a Federal Bankruptcy Court and file a Chapter 11.

Severe changes including rates comparable to UPS and FedX (especially for some yahoo who wants a wedding cake flown onto a glacier in Alaska), pension obligations, closing facilities, and cutting staff ALL need to take place. A private company wouldn't go to congress if it were 'leaking' $1.3 billion a quarter (sans GM and heck of a lot of banks) and neither should the USPS.

Bailing them out w/o is equivalent to putting new tires on a car with a ceased engine.

I am curious to see what the person who paid to fly a wedding cake onto a glacier in Alaska paid, as I think perhaps you are confusing letter rates with package rates.

UPS and FedEx don't WANT the USPS business, that's what people can't seem to wrap their heads around:

Here’s Lauren T. Andrews, writing in the William & Mary Business Law Review:
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For example, the USPS is charged by governmental decree with providing universal service to all parts of the country, even in areas that may not be profitable. Private companies, on the other hand, can essentially ignore and avoid areas that may not be profitable, areas where they may otherwise be forced to serve if the postal monopolies were lifted and regulations put in place. Furthermore, companies such as UPS and FedEx would likely have no interest in the delivery of “letters,” primarily because it is not as profitable as larger parcel and package delivery. In fact, a UPS Spokesman, Norman Black, stated, “We believe that the government plays a role in terms of ensuring that every mailbox is reached every day …. That is not a responsibility that UPS would want.”
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And, not only would they not want it, David Hendel says they couldn’t do it.
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“Neither FedEx or UPS are even in the same league as the Postal Service, which goes to 100 million addresses every day," he tells me. "What they do, they do well. But they don’t do what the Postal Service does.”

http://www.minyanville.com/business-.../2012/id/42951