USPS slow delivery starts Today

"Unlike any other public or private entity, under a 2006 law, the U.S. Postal Service must pre-fund retiree health benefits. We must pay today for benefits that will not be paid out until some future date. Other federal agencies and most private sector companies use a “pay-as-you-go” system, by which the entity pays premiums as they are billed. Shifting to such a system would equate to an average of $5.65 billion in additional cash flow per year through 2016, and save the Postal Service an estimated $50 billion over the next ten years. With the announcement of our Action Plan in March, we began laying the foundation for change, requesting that Congress restructure this obligation."

https://about.usps.com/who-we-are/financials/annual-reports/fy2010/ar2010_4_002.htm

 

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I might hold the record for slow USPS coin delivery. I bought a coin on ebay in November 2020. After several weeks of no coin, I contacted the seller and negotiated a refund.

Then, one day the following April, I go to my mailbox and there was a small padded envelope that felt suspiciously like a slabbed coin. Puzzling, because I had no incoming at the time. To my great surprise, it was the coin purchased in November, finally arriving almost 5 months later.

The question that nags at me is, exactly where was it all that time? In a dead letter room? Circulating from PO to PO around the country? Stuck under the seat of a USPS delivery vehicle?

And if you're wondering, yes, I reached out to the seller and mailed them a check. By the way, this is the coin:

 

Were you standing up the entire time?

 

Centennial?

 

They’re required to actually fun the benefits nothing more. There’s nothing future about having the money to pay what you owe. If the people that ran their profits into the ground many years ago were allowed to just do that the pension system would be broke too.

The simple fact is they’re hurting for money because of incompetent leadership many years ago that made horrendous deals with other companies and failed to see packages as the future. It didn’t take a genius to figure out letters were going to significantly decline as the internet and phones got better.

They basically subsidize their competition as well. UPS and FedEx are competition and they give them huge discounts letting them keep most of the profit to do their job for them. There’s numbers areas only. USPS would deliver too if everything had to be delivered all the way to do the door instead of just dumping at the post office for them. The pension has never been the problem, decades of incompetent leadership is what led to this point.

 

USPS financial problems started back in the early 1960’s. Congress is their biggest enemy. I’ll say no more.

 

Amazing. Where do our packages spend all that time? If they're just sitting around a PO, wouldn't you think some postal worker would eventually pick it up and ask himself/herself, "Hey, does this need to go somewhere?"

 

Sometimes a small package will get stuck in a thick cloth sack. Other times it may end up falling to the floor and accidentally kicked under something that is never moved, like a crack or the safe. You’d be surprised what can happen and all by chance.