The United States Postal Service (USPS) is in trouble. The problems are not simply a result of faulty accounting rules for postal pension plans as some have suggested. The market for paper mail is rapidly shrinking, caused by the growth of digital communications, which has eroded almost every category of mail ranging from personal letters to bill payments. Fundamental changes are needed to enable the USPS to survive, including consolidation of facilities and reduction in the number of days that mail is delivered. But Congress is blocking the needed changes. Instead, Congress should lift restrictions on postal reforms, while also lifting limits on competition with this government-owned enterprise.
Click Here to read the complete article by James L. Gattuso, Senior Research Fellow for Regulatory Policy in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation.
Source : http://www.heritage.org
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