William F. Shughart II's blog

It’s past time to free the U.S. Mail (from the taxpayers): Privatize it

William F. Shughart II's picture

The U.S. Postal Service is deeply in the red. Projecting a deficit of $238 billion over the next decade, its governors propose two solutions: halting Saturday delivery and raising stamp prices by 3 percent this year and 10 percent next.

According to the Postal Rate Commission, the savings from operating only five days a week and the extra revenue anticipated from a rate hike will, at long last, allow the USPS to achieve financial stability and stop the hemorrhaging of taxpayer funds. Read More»