Thursday, April 17, 2025

Postage Due

Put the post office in the past:
A major contributor to the rising prices of stamps is the postal service's obligation to its retirees. As Axios reports: "The (USPS) faces substantial pension obligations, with unfunded liabilities totaling $409 billion against just $290 billion in assets. This is largely due to a system where USPS is responsible for its own retirement funding, unlike other federal agencies which receive annual appropriations. The USPS is required to pre-fund retiree health benefits, and this mandate, along with other factors, contributes to the significant unfunded liabilities." As prices go up, usage declines. It's similar to states run by Democrats. As they raise taxes, more people leave. Even more leave after taxes are raised again to make up for lost revenue. Bills can now be paid through online banks. Free digital holiday cards can be emailed, saving money on stamps and the cards. President Trump has proposed shutting down the postal service and rolling it into the Department of Commerce. Since 1792, the post office has had exclusive rights to deliver letters. Lifting that restriction would open things up to competition and presumably lower prices.
It's time to stop just mailing it in...

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