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  #1  
Old 04-09-2011, 01:28 PM
Danzig Danzig is offline
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from a google search...

The USPS does get some taxpayer support. Around $96 million is budgeted annually by Congress for the "Postal Service Fund." These funds are used to compensate USPS for postage-free mailing for all legally blind persons and for mail-in election ballots sent from US citizens living overseas. A portion of the funds also pays USPS for providing address information to state and local child support enforcement agencies.

Under federal law, only the Postal Service can handle or charge postage for handling letters. Despite this virtual monopoly worth some $45 billion a year, the law does not require that the Postal Service make a profit -- only break even. Still, the US Postal Service has averaged a profit of over $1 billion per year in each of the last five years. Yet, Postal Service officials argue that they must continue to raise postage at regular intervals in order make up for the increased use of email.


dell, no doubt you mean well....but the postal service isn't why this country is broke.
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Old 04-10-2011, 09:48 AM
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dellinger63 dellinger63 is offline
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Quote:
Originally Posted by Danzig View Post
Despite this virtual monopoly worth some $45 billion a year, the law does not require that the Postal Service make a profit -- only break even. Still, the US Postal Service has averaged a profit of over $1 billion per year in each of the last five years. .
The Postal Service itself disagrees.

USPS is trying to curb steep losses. It posted a $3.8 billion loss in its 2009 fiscal year, the latest in a multiyear string of whopping losses. Mail volume was down 12.7% for the year, a trend the agency expects to continue over the next decade as more consumers opt for online bill payments and message delivery.

http://money.cnn.com/2010/03/02/news/economy/usps/
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Old 04-12-2011, 12:31 AM
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timmgirvan timmgirvan is offline
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Originally Posted by dellinger63 View Post
The Postal Service itself disagrees.

USPS is trying to curb steep losses. It posted a $3.8 billion loss in its 2009 fiscal year, the latest in a multiyear string of whopping losses. Mail volume was down 12.7% for the year, a trend the agency expects to continue over the next decade as more consumers opt for online bill payments and message delivery.

http://money.cnn.com/2010/03/02/news/economy/usps/
I think 1 year in the last 10 the post office made money.
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