Another View: The Myth of the Postal Service's Finances

Thursday, 21 June 2012 09:11  
By Robert Weiner and George Clingan, Des Moines Register | Op-Ed 

The future of the U.S. Postal Service has been in limbo for several years. It lost an astounding $25.4 billion between 2007 and 2011 and has already lost $3.2 billion in the first quarter of 2012. The service is on the road to bankruptcy.

The Des Moines Register reported last month that Iowa narrowly avoided 178 closures that the agency planned as part of a national cutback of 3,700 post offices. Because of political pressure against the closings, in their place, and for now, many outposts will see dramatically shorter operating hours.