An article in The Guardian says that David Williams, inspector general of the U.S. Postal Service, believes the USPS will either need a congressional bailout or go under this year. That is radical.
In spite of all its creaky, old-fashioned ways the USPS is still something I (and many others) would miss if it were gone. In its absence, people without computer skills or online access would be "off the grid," unreachable.
USPS needs the equivalent of a bankruptcy so it can dump its union contracts. In doing so they could end defined benefit employee retirement plans and replace them with defined contribution plans at considerably less cost.
Hat tip to Lucianne.com and Breitbart's Big Government for the link.
