US
US Postal Service mailboxes are seen awaiting disposal Thursday, Sept. 1, 2011, in San Jose, Calif. Because of steeply declining use, the U.S. Postal Service has removed more than 60 percent of the blue boxes, the chief culprit is the Internet. More people are paying bills, sending invitations and writing personal letters online. The volume of mail dropped into mailboxes has dropped 35 percent since 2006, said Sue Brennan, a U.S. Postal Service spokeswoman. (AP Photo/Ben Margot) US Postal Service mailboxes are seen awaiting disposal Thursday, Sept. 1, 2011, in San Jose, Calif. Because of steeply declining use, the U.S. Postal Service has removed more than 60 percent of the blue boxes, the chief culprit is the Internet. More people are paying bills, sending invitations and writing personal letters online. The volume of mail dropped into mailboxes has dropped 35 percent since 2006, said Sue Brennan, a U.S. Postal Service spokeswoman. (AP Photo/Ben Margot)  

In email age, Postal Service struggles to avoid a default

Photo of Paul Conner (admin)
Paul Conner (admin)
Contributor

The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances.

“Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said in an interview. “If Congress doesn’t act, we will default.”

Full story: In E-Mail Age, Postal Service Struggles to Avoid a Default – NYTimes.com

  • Anonymous

    I say let them die. the USPS is such a bloated dinosaur filled with unhappy union featherbedders. Fedex and UPS do a far better job at a profit, without taking a penny in tax money.

  • thephranc

    But I just heard on the radio the other a mouth piece for the USPS tell me how the post office was doing just fine and wouldn’t need a penny of tax payer money.

  • Banchang

     On average I receive less than 2 pieces of personal mail each month. Once every 3 months I receive my my medical supply’s through the Postal Service. they could be delivered by UPS or any other such service so thats no big problem. I sure as hell will not miss the piles of JUNK mail I get each month. As far as I am concerned I can do without the USPS, Congress DO NOT bail out the USPS. They have dug a hole now let them a way to fill it in or better yet just pull the plug and let them REST IN PEACE.

  • Banchang

     On average I receive less than 2 pieces of personal mail each month. Once every 3 months I receive my my medical supply’s through the Postal Service. they could be delivered by UPS or any other such service so thats no big problem. I sure as hell will not miss the piles of JUNK mail I get each month. As far as I am concerned I can do without the USPS, Congress DO NOT bail out the USPS. They have dug a hole now let them a way to fill it in or better yet just pull the plug and let them REST IN PEACE.