Press Release from the office of Senator Thomas Carper
WASHINGTON – Today, Homeland Security and Governmental Affairs Committee Chairman Tom Carper (D-Del.) and Ranking Member Tom Coburn (R-Okla.) released the following reactions to the announcement that the U.S. Postal Service lost $1.9 billion in the second quarter of fiscal year 2013:
“Today’s announcement that the U.S. Postal Service lost $1.9 billion in the second quarter of Fiscal Year 2013 shouldn’t come as a surprise to anyone,” said Chairman Carper. “While this quarter’s losses are less compared to the $3.2 billion lost this time last year, a $1.9 billion dollar loss is nothing to celebrate. The reality is that any financial loss at this rate is unsustainable and threatens the Postal Service’s long-term viability. As I’ve said time and time again, Congress and the Administration need to come to agreement on comprehensive legislation that reforms, right-sizes and modernizes this American institution. Although the Postal Service has seen an increase in revenue from package delivery – which is encouraging news — much more must be done to make its outdated business model financially viable long term. It is critical that we complete the difficult work ahead of us and find a solution to the Postal Service’s serious but solvable financial crisis as soon as possible – and today’s financial report should underscore that sense of urgency. We can’t afford to wait any longer.”
“Today’s announcement clearly demonstrates why postal reform is imperative. Unfortunately, this $1.9 billion loss in the second quarter of this fiscal year is only a small fraction of the $15.8 billion the Postal Service has lost since last year,” Dr. Coburn said. “While reform is necessary, the Postal Service should not wait on a parochial-minded Congress and must immediately take steps within its control to secure additional revenue and achieve cost savings, including potential action to secure additional revenue through price increases. I will continue to support giving the Postal Service the independence it needs to ensure its long-term viability.”
Email me when 5 day delivery goes Into effect… Same b.s!!!
The Republican party wants the post office privatized and is letting the debt add up so it can justify it’s plan. The many veterans that have served their country work for the postal service as myself included. I served four years in the marine corps and have been working for the postal service for 25 years and it saddens me that my country would turn their backs on the united states postal service that serves every american household. Big business wants to get bigger and richer and they want a large slice of the postal service. The postal executives long for the day to get the pay of the private industry. Ceo’s typically make 3 million a year in the private industry so as you can see the postal management has a dirty little secret at play here. They want to multiply their salaries by 300 per cent by privatizing the postal service. The consumer will be paying triple the prices for postal services and go ahead and do it as the american people will revolt and ignore your business.