I have NO idea WTF Louis DeJoy is still the Postmaster….
A Trump admin holdover who has argued with Congress and helped Trump try to win the 2020 elect….
The guy seems to be in Joe Biden’s favor as he quietly raises the cost to moving the mail….
The price increases are part of Postmaster General Louis DeJoy’s turnaround of the mail agency, which was facing hundreds of billions of dollars in unpayable liabilities when he took office in June 2020.
A year later, the Postal Service said it would increase rates twice annually, making up for what it said were years’ worth of artificially low rates. Sending mail in the United States is still cheaper than in nearly any country in the developed world.
“As operating expenses fueled by inflation continue to rise and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much needed revenue to achieve the financial stability,” the agency wrote in a news release.
Postal finance officials also have blamed persistent inflation for increasing the agency’s costs and depressing consumer spending.
But higher rates threaten to drive away the paper mail business that keeps the Postal Service’s finances afloat. First-class, business mail and periodicals made up close to $41 billion of the agency’s 2022 revenue, according to its annual report to Congress, compared to $31.3 billion from packages….
Critics of the price increases say continued price increases harm the Postal Service’s financial stability.
“Rate hikes of this frequency are unprecedented and unsustainable. If left unchecked, DeJoy will plow ahead with additional stamp increases every few months, even though data shows that they put the squeeze on the American public and diminish mail volume,” Kevin Yoder, executive director of Keep Us Posted, a mailer industry and consumer advocacy group, said in a statement. “DeJoy’s rate strategy is shortsighted and needs to be rejected by the Postal Regulatory Commission in the name of protecting this critical public service.”….
My Name Is Jack says
Blaming DeJoy for postal rate increases is indicative of people like you.
You want all these government services but don’t want to pay for them.
The article points out that postal rates here are some of the lowest in the world.
Whoever was head of the Postal Service would be doing the same thing.
Shut up and pay up!
I guess u missed the part about DeJoy and Trump….
DeJoy vs Congress and the 1/3 in increase maybe results cutting the bottom line?
You’ll GLADLY PAY the extra , eh?
My Name Is Jack says
My point is simple.
No matter who the Postal Service head is ,postal rates are going to keep increasing.
And ,as usual ,the only thing on your mind is Trump,Trump,Trump.
Yeah I love paying!What kind of idiotic remark is that?
But when one has nothing else to say?Thats always a good line.
We REALLY DON’T KNOW THAT…..
We DO KNOW DeJoy IS steadily raising rates…
And some things ARE going to migrate away costing revenue….
Then what does he do?