Redleg
11-28-2005, 21:18
Now in the industry I work in we are dependent upon the Postal Service to deliver our goods to the consumer. So we have a tendency to pay attention to what is happening.
For the thoughts of the general audience. First look at the Annual Report - notice that the Postal Service is actually making some revenue above and beyond its operating costs alreadly.
http://www.usps.com/history/anrpt04/
Then you will need to read this news report - especially this line.
http://www.usps.com/communications/news/press/2005/pr05_097.htm
This rate increase - the first since 2002 - is needed to fulfill the requirement of a federal law passed in 2003. That law requires the Postal Service to establish a $3.1 billion escrow account, with use of the funds to be determined by Congress at a later date. Without this federal mandate, it would not have been necessary to raise rates in 2006.
Note: No link will edit immediately to establish correct links, Edit done to provide correct links
For the thoughts of the general audience. First look at the Annual Report - notice that the Postal Service is actually making some revenue above and beyond its operating costs alreadly.
http://www.usps.com/history/anrpt04/
Then you will need to read this news report - especially this line.
http://www.usps.com/communications/news/press/2005/pr05_097.htm
This rate increase - the first since 2002 - is needed to fulfill the requirement of a federal law passed in 2003. That law requires the Postal Service to establish a $3.1 billion escrow account, with use of the funds to be determined by Congress at a later date. Without this federal mandate, it would not have been necessary to raise rates in 2006.
Note: No link will edit immediately to establish correct links, Edit done to provide correct links