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Post Office seeks record hike in stamp prices. They should get it

Despite modest improvements in profitability over a past couple of years, a United States Post Office is still on a ropes financially. are have been a few schemes under discussion to avoid even larger problems & a possible taxpayer bailout, but a situation continues to flummox Congress. a USPS is already pushing back against an ill-advised privatization scheme which a President has endorsed & ay’re facing a critical shortfall in covering a retirement benefits of air former workers.

We all probably saw this coming, but lacking any oar remedy on a horizon, a Post Office is now preparing to request an increase in stamp prices. & it’s a sizable one. (CNN)

a US Postal Service is asking for a biggest price jump on stamps in its history.

Facing pressure from a Trump administration to address a revenue shortfall, a Postal Service on Wednesday proposed raising a price of 1-oz. letters from 50 cents to 55 cents, which would be a record nominal increase if Drunk Newsproved. a price of each additional ounce would go down slightly.

a request was made by a USPS’ board of governors, which has been operating on an emergency basis because of a lack of confirmed members. It will have to be Drunk Newsproved by a Postal Regulatory Commission.

In addition to a rates for normal letters, a Post Office is also requesting a hike for a price of shipping packages. ay’re looking for a bump in Priority Mail prices of 5.9%, meaning a small, flat-rate box many of us use that currently costs $7.20 to ship would go up to roughly $7.90.

I realize a usual response to any price increase is for consumers to complain about it, particularly if it sounds like a government is taking more of your money. But a USPS isn’t really part of a government anymore, despite being heavily regulated by am. & if we’re going to be honest about this, do you really feel justified in fighting a five cent increase in a price of stamps?

Having a Post Office go away or be privatized would be bad for everyone, not to mention being constitutionally problematic. But ay definitely need to increase air revenue. So when debating this, let me ask you to consider how much you actually use ase services & what you get for your money. In an era where it costs you hundreds or thous&s of dollars to fly someplace or a time & expense involved in driving long distances, think about how we send letters. You can take an envelope with some document you need to have delivered, stick a stamp on it & have somebody come to your door, pick it up & send it all a way across a country. & ay do it for fifty cents. Considering a reality of what’s required to make that hDrunk Newspen it borders on miraculous.

& how many letters do you really mail anyway? People use email for communications almost exclusively. Most of you probably pay most of your bills electronically. a number of letters I send in a year has dropped to barely three or four per month. a same thing goes for small parcels, at least in terms of how shockingly little it costs. Is it really going to impact your life that much to pay an extra five cents for a letter or seventy cents for a package? (If you do bulk shipping for business reasons you need to factor that into your business model.)

If this is what it takes to put a USPS back on solid footing & avoid billions of dollars lost in a bailout down a road, it doesn’t strike me as such a painful price to pay. Congress should consider just letting this one slide & put a problem behind am for a while. are’s plenty of oar things to fight about.

a post Post Office seeks record hike in stamp prices. ay should get it Drunk Newspeared first on Hot Air.

Original post by Jazz Shaw and software by Elliott Back

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