#service-reduction

#service-reduction

The U.S. Postal Service lost $3.1 billion last quarter, and it is on its way to losing $10 billion this year. America no longer needs it. At the very least, it should be made so small that it would not be recognized and have an extremely narrow mission. In the quarter that ended June 30, the Post Office lost $3.1 billion on revenue of $18.8 billion. That is much worse in the same quarter the year before, when the loss was $2.5 billion on about the same revenue. Since there was no good excuse for the loss, management turned to the Post Office's history. "The Postal Service continues to play an important role in the American economy and society, and in the daily lives of the American public, as it has for 250 years," said Postmaster General David Steiner.

TriMet is experiencing a significant fiscal crisis, forcing the public transit agency to cut service by 10 percent over the next two years, starting this fall.