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The USPS nears default--will service suffer?
Chessman
Posts: 1,602 ✭✭✭
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I had two expresses going to Texas today, neither of them have been updated though sent yesterday. Are we going to suffer continuing service issues with our generally dependable USPS? I have for the most part been happy with the service. Priorities are tremendous where I can drop off a package tomorrow and it gets to FL or CA on Monday almost invariably.
I had two expresses going to Texas today, neither of them have been updated though sent yesterday. Are we going to suffer continuing service issues with our generally dependable USPS? I have for the most part been happy with the service. Priorities are tremendous where I can drop off a package tomorrow and it gets to FL or CA on Monday almost invariably.
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All in just a couple of months. None during the previous three years.
Hope it's not a trend but just a bad period.
I have always been happy with the postal service.
MM
The way it is explained to me by my carrier is that the billions has nothing to do with
everyday paying of the service. It goes to the retirement and insurance funds which
already has tons of money. We will still get the best service value from the USPS now
and in the future. If you're worried then start shipping by another carrier for more money
and less quality service. Like he told me, the USPS moves, no pun intended, tons more
mail than any other service and I agree with that.
If the government would butt out ( repeal the pension/retirement funding mandate), and allow the postal service to cut back on Saturday deliveries, my understanding is that it would be in the black again.
A package being sent to me from near the East coast was entered into the USPS as being received, and remain that way for over a week with no updates. After a contact to the Postmaster at the sending postal facility, there was no immediate information other than, "that's just an unacceptable level of service".
A couple days later, it showed up at my door, yet still had not been updated on the USPS web site.
That's pretty bad, but again, it's one data point.
"He said the two missed payments totaling $11.1 billion for future retiree health benefits -- payments ordered by Congress in 2006 that no other government agency or business is required to make -- along with similar expenses make up the bulk of the annual loss. The remainder is nearly $3 billion in losses, he said, which would have been offset by savings if the service had been allowed to move to five-day mail delivery."
Quote from Post Master General
Business will go on as usual, albeit morale may be lower.
Keep an open mind, or get financially repressed -Zoltan Pozsar
They could let them fund their retirement by putting into their own 401Ks and not include other service years towards retirement. At least do it moving foreword. They could raise the price for junkmail. Limit delivery to 3 days a week. I'd even be willing to wait longer for packages if it solved their budget. It's not like the old days before phone and internet, I don't think everything needs delivery 6 days a week. They could keep a higher cost service with 6 delivery days for things people are willing to pay extra for.
Like too many things the gov won't fix it, they're too afraid they might lose a few votes so they do not make any unpleasant decisions.
By keeping it as it is I think service will suffer and it will go further in debt.
As for the retirement funding, Aren't all of the governments plans supposedly broke already.