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Why does the 'US MINT' need to make a profit?
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<p>[QUOTE="Pere, post: 2296270, member: 59199"]Neither the Mint nor the Postal Service is properly thought of as a "business."</p><p><br /></p><p>I don't especially need the post office to be profitable, no more than I need the National Park Service, or the Coast Guard, to be profitable. Rather, I want them to <i>serve their public mission</i>, effectively and efficiently. </p><p><br /></p><p>To that end, I don't want to lose Saturday delivery, or small-town service. The country is just better off with good, standardized, moderately-priced postal service, in large and small towns alike. Like preserving our great natural landmarks, or rescuing sailors in a storm, this may not <i>be</i> a strictly profitable endeavor, which is exactly why it must be done by a public agency.</p><p><br /></p><p>All that said, the post office actually doesn't do too bad at the bottom line, if you compare it on fair terms. What you've seen in recent years about them facing a crisis is based on a deliberately skewed accounting, imposed for political reasons in 2006. This accounting reckons their theoretical, long-term future benefit liabilities in a manner that NO other public or private entity faces. Don't fall for it.[/QUOTE]</p><p><br /></p>
[QUOTE="Pere, post: 2296270, member: 59199"]Neither the Mint nor the Postal Service is properly thought of as a "business." I don't especially need the post office to be profitable, no more than I need the National Park Service, or the Coast Guard, to be profitable. Rather, I want them to [i]serve their public mission[/i], effectively and efficiently. To that end, I don't want to lose Saturday delivery, or small-town service. The country is just better off with good, standardized, moderately-priced postal service, in large and small towns alike. Like preserving our great natural landmarks, or rescuing sailors in a storm, this may not [i]be[/i] a strictly profitable endeavor, which is exactly why it must be done by a public agency. All that said, the post office actually doesn't do too bad at the bottom line, if you compare it on fair terms. What you've seen in recent years about them facing a crisis is based on a deliberately skewed accounting, imposed for political reasons in 2006. This accounting reckons their theoretical, long-term future benefit liabilities in a manner that NO other public or private entity faces. Don't fall for it.[/QUOTE]
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