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<blockquote data-quote="WayneF" data-source="post: 470641" data-attributes="member: 12496"><p>It's not the post office though. They do have extremely poor management, but which is Congress, not themselves. All the profits have to turned over to Congress, who doesn't give anything back. No tax support. </p><p></p><p>"Congress decided in 2006 that the Postal Service would have to prepay 75 years' worth of future-retiree health benefits over the next 10 years, something no federal agency must do."</p><p></p><p>The concern was not for employee benefits, it's just that such payments count as general revenue for Congress, it pads their own books ($5 billion annually), without coming out of their own budget.</p><p></p><p>UPS and Fedex can make a good profit, but Congress sets all the rules for post office, including postage rates, Saturday deliveries, which tiny post offices to keep open, rural deliveries everywhere, etc. I can't see UPS doing that. Like many other things, the post office simply needs privately operated independent management.</p><p></p><p><a href="http://business.time.com/2013/04/12/the-post-offices-biggest-problem-isnt-saturday-delivery-its-congress/" target="_blank">Post Office Keeps Saturday Delivery Thanks to Congress | TIME.com</a></p></blockquote><p></p>
[QUOTE="WayneF, post: 470641, member: 12496"] It's not the post office though. They do have extremely poor management, but which is Congress, not themselves. All the profits have to turned over to Congress, who doesn't give anything back. No tax support. "Congress decided in 2006 that the Postal Service would have to prepay 75 years' worth of future-retiree health benefits over the next 10 years, something no federal agency must do." The concern was not for employee benefits, it's just that such payments count as general revenue for Congress, it pads their own books ($5 billion annually), without coming out of their own budget. UPS and Fedex can make a good profit, but Congress sets all the rules for post office, including postage rates, Saturday deliveries, which tiny post offices to keep open, rural deliveries everywhere, etc. I can't see UPS doing that. Like many other things, the post office simply needs privately operated independent management. [url=http://business.time.com/2013/04/12/the-post-offices-biggest-problem-isnt-saturday-delivery-its-congress/]Post Office Keeps Saturday Delivery Thanks to Congress | TIME.com[/url] [/QUOTE]
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