Monday, November 15, 2010

USPS puts significant blame on shift to online communication for $8.5 billion loss | The Daily Caller - Breaking News, Opinion, Research, and Entertainment

I recommend reading Arguing With Idiots by Glenn Beck - especially the Chapter about the USPS. It will truly make your head explode.

The U.S. Postal Service announced Friday that it lost $8.5 billion dollars this fiscal year and blamed its financial problems on a significant decline in mail volume. The USPS operates off the revenue it generates from stamps and shipping costs, though it also has a $15 billion line of credit with the U.S. Treasury."

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