The recent news that the U.S. Postal Service will be dropping Saturday mail service punctuates how dire the financial situation of the USPS has become. This morning, AEI visiting scholar R. Richard (Rick) Geddes testifed on “Solutions to the Crisis Facing the U.S. Postal Service” before the U.S. Senate Committee on Homeland Security and Government Affairs. He argued that achieving sustainability for the USPS is possible without relying on heavy burdens to the taxpayers if two key reforms are enacted: de-monopolization and commercialization.
His full testimony can be found here.
“The postal sector in the United States can become a vital, innovative, and sustainable part of the economy. For this to occur, however, it is imperative that the U.S. postal sector be liberated from its government-owned, monopoly structure.” – R. Richard Geddes, AEI
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