D'oh!

D'oh!

Apparently the USPS is stuck with nearly 900 million Homer stamps.

 

and yet they wonder why they can afford to deliver mail on Saturday.

 

 




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Message 1 of 6 (524 Views)
Expert

Re: D'oh!

They overestimated the demand on those stamps, but the total cost of the unsold stamps is $1.2 M.

Compare that to the $5 B (<-- with a B) that they will lose this year overall.

The USPS's problem is that they are tasked by the government to run the organization without taxpayer money, but are also not allowed to set the pricing at the proper level without permission from congress.

If someone told you to go open a gas station, and the wholesale price is $3.00/gal, and the government told you that you were only allowed to sell the gas at $2.00/gal, you wouldn't be profitable either.
Message 2 of 6 (471 Views)

Re: D'oh!

If I remember correctly, we have one of the cheapest postage rates in the world.

” Auto racing, bull fighting, and mountain climbing are the only real sports … all others are games.”- Ernest Hemingway
Message 3 of 6 (466 Views)
Employee

Re: D'oh!

FedEx and UPS has started to use the USPS to make the delivery to your house. That is the most expensive part of the delivery. That means USPS is not charging enough or FedEx and UPS are charging to much.
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Message 4 of 6 (445 Views)

Re: D'oh!


SomeJoe7777 wrote:
They overestimated the demand on those stamps, but the total cost of the unsold stamps is $1.2 M.

Compare that to the $5 B (<-- with a B) that they will lose this year overall.

The USPS's problem is that they are tasked by the government to run the organization without taxpayer money, but are also not allowed to set the pricing at the proper level without permission from congress.

If someone told you to go open a gas station, and the wholesale price is $3.00/gal, and the government told you that you were only allowed to sell the gas at $2.00/gal, you wouldn't be profitable either.


And of course congress gets to fill their tanks for free.Smiley Mad http://www.bloomberg.com/news/2012-07-05/congress-keeps-free-mail-while-pushing-u-s-postal-cuts.html

 

 




__________________________________________________________
How can you be in two places at once, when your not anywhere at all?
------------------------------------------------------------------------------------------------------
I really want to become a procrastinator, but I keep putting it off.
------------------------------------------------------------------------------------------------------
There are three kinds of people, those that can count, and those that can't.
------------------------------------------------------------------------------------
“Our great democracies still tend to think that a stupid man is more likely to be honest than a clever man, and our politicians take advantage of this prejudice by pretending to be even more stupid than nature has made them." :Bertrand Russell

                              

Message 5 of 6 (437 Views)
Expert

Re: D'oh!

I'm not touching this!  But, yeah, what a joke!

Message 6 of 6 (429 Views)
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