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Stamp Prices Going Up Again

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The U.S. Postal Service (USPS) is raising prices on stamps … again.

Beginning on January 26, the cost of mailing a first class letter will climb by a penny (from 46 to 47 cents) – although the agency could get approval for a three-cent hike to 49 cents. It may also win approval of a one-cent hike in the price of mailing a post card.

Assuming postal bureaucrats get their way – we’re talking about a $2 billion tax hike on the American people.

The agency – which has lost $21 billion over the last two fiscal years – has been bleeding cash despite recent rate hikes and massive bailouts from the very taxpayers they’re ripping off.

Meanwhile FedEx and UPS somehow continue to make profits …

Crazy, right?

It’s time for the insanity to stop. The USPS should be privatized … tomorrow. In fact it should have been privatized many, many, many yesterdays ago.

Instead, Congress has continued to dole out massive retirement packages – while banning layoffs at the grossly mismanaged agency. As a result, more than 80 percent of the Post Office’s expenses are devoted to labor costs. By comparison, only 32 percent of FedEx’s expenses are labor-related.

Just another well-oiled government machine …

Oh well … it’s “only a penny,” right? You can afford it, right?

Sheesh … it’s enough to make you, well, “go postal.”

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