Privatize the Post Office.

As the White House puts together another bailout, this time for the US Postal Service, isn't time we open the discussion to privatize the post office?


With annual revenues of $70bl the Postmaster General Patrick R. Donahoe warned senators Tuesday USPS could post a $10 billion loss for this fiscal year.   USPS's losses are trending up, as defined by the 2010 Annual Report.  The USPS is plagued by union issues outlined by The New York Times and other issues outlined by The Washington Post.  In this article Senator Joe Lieberman voiced his support, suggesting, “We should be writing more passionate letters to those we love.”  and  Senator Claire McCaskill  suggested that USPS should mount a national advertising campaign promoting the value of printed mail.


With $70bl in annual revenues it's not about generating more revenues or re-branding a failing business, it's about cutting costs.  It is time we consider selling the postal service, possibly to companies who earn profits while delivering packages and mail. maybe FedEx or UPS.


What are your opinions on privatizing the postal service?