Politics & Government
Is Saturday Delivery of Mail Worth a Possible $47 Billion Bailout?
It looks like Saturday delivery of the USPS mail has been saved for now, but at what cost?
Barrow Patch reported Thursday that Congress has passed legislation requiring the United States Postal Service to continue six-day delivery of first class mail. This was according to a Reuters report posted on The Huffington Post. The postal service announced in February its plans to end Saturday mail delivery in August, while continuing to deliver packages.
The plan was expected to save $2 billion annually. The postal service, an independent agency not funded by taxpayers, has said it could need a taxpayer bailout of more than $47 billion by 2017 if Congress did not give it flexibility to change its operations. Some experts have predicted the agency could run out of money by October.
As Congress struggles to figure out what to cut and what to keep in an upside down budget, do you think Saturday mail delivery is worth a possible $47 billion bailout by taxpayers over the next four years?