The decrease in the first-class postage stamp price from 49 cents to 47 cents will lead to losses of more than $2 billion for the U.S. Postal Service [“2 cents less for stamps, $2B less for Post Office,” April 11].
Couple that move with the congressional mandate that the service pre-fund retiree health benefits for 75 years — a fiscally crippling requirement — and it adds up to congressional Republicans purposely trying to bankrupt the Postal Service.
This will allow the politicians to dismantle the service and sell off the assets at fire-sale prices to campaign contributors who own privately held delivery service firms. Then, mail-delivery services will be profit-making enterprises.
The average consumer will feel little or no benefit from a 2-cent reduction in first-class postal rates — but will feel the cost of a privatized, profit-making postal service that will balance budgets on the backs of us consumers.
Once again, it will be billionaires and their congressional representatives 1, the American consumer 0.
Michelle Feldman, Babylon