Post Office is a Blockbuster service in a Netflix world

Post Office is a Blockbuster service in a Netflix world
Blockbuster Video

[Ed. – The GAO could not have come up with a more apt metaphor.]

Two months into his new job, Postmaster General Louis DeJoy is being keelhauled by Democrats for alleged sabotage of the U.S. Postal Service. Nearly 200 House Democrats signed a letter this week accusing him of acting to “accelerate the crisis” at the USPS. Apparently they missed the post office’s news release last Friday, when it reported losing another $2.2 billion last quarter. Congress has only itself to blame for this mess.

That red ink is no fluke of circumstance. The post office is meant to be self-sufficient, but it hasn’t broken even for years. Total losses since 2007 run to $78 billion, according to a May report by the Government Accountability Office, which said that the “USPS’s current business model is not financially sustainable.” It’s a Blockbuster service in a Netflix world.

(h/t Weasel Zippers)

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