Almost every quarter we read about the United States Postal Service (USPS) losing money. The fact is they are not just losing money, they are hemorrhaging it.

Recently, I read that the USPS will be unable to pay for the healthcare benefits for future retirees. Maybe this will get someone’s attention. If not, the $329 million they lost in the first quarter of Fiscal Year (FY) 2011 (Oct-Dec) should get someone’s attention.

Congress does have the Constitutional power to step in and do something to save the Postal Service (Article I, Section 8).

There are around 36,400 Post Offices in the United States and they have around 596,000 career employees. They processed about 177 billion pieces of mail in 2009. (Source PDF) Continue reading →