{"id":3817,"date":"2018-04-01T18:53:13","date_gmt":"2018-04-01T22:53:13","guid":{"rendered":"http:\/\/kevinrkosar.com\/wordpress\/?p=3817"},"modified":"2018-04-01T18:53:13","modified_gmt":"2018-04-01T22:53:13","slug":"the-u-s-postal-services-financial-condition-2018","status":"publish","type":"post","link":"https:\/\/kevinrkosar.com\/wordpress\/the-u-s-postal-services-financial-condition-2018\/","title":{"rendered":"The U.S. Postal Service&#8217;s Financial Condition: 2018"},"content":{"rendered":"<p><a href=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2018\/02\/Kosar-Postal-Service-Financial-Condition-02-14-2018.png\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"3818\" data-permalink=\"https:\/\/kevinrkosar.com\/wordpress\/the-u-s-postal-services-financial-condition-2018\/kosar-postal-service-financial-condition-02-14-2018\/\" data-orig-file=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2018\/02\/Kosar-Postal-Service-Financial-Condition-02-14-2018.png\" data-orig-size=\"846,568\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Kosar Postal Service Financial Condition 02-14-2018\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2018\/02\/Kosar-Postal-Service-Financial-Condition-02-14-2018-300x201.png\" data-large-file=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2018\/02\/Kosar-Postal-Service-Financial-Condition-02-14-2018.png\" class=\"aligncenter size-full wp-image-3818\" src=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2018\/02\/Kosar-Postal-Service-Financial-Condition-02-14-2018.png\" alt=\"\" width=\"846\" height=\"568\" srcset=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2018\/02\/Kosar-Postal-Service-Financial-Condition-02-14-2018.png 846w, https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2018\/02\/Kosar-Postal-Service-Financial-Condition-02-14-2018-300x201.png 300w, https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2018\/02\/Kosar-Postal-Service-Financial-Condition-02-14-2018-768x516.png 768w\" sizes=\"auto, (max-width: 846px) 100vw, 846px\" \/><\/a>Last year, the U.S Postal Service (USPS) lost more than $2 billion. This operating deficit was not a rare occurrence, as the agency has run deficits regularly over the past decade. This is because plunging mail volume has cut into its revenues. It is also $15 billion in debt and has more than $100 billion in unfunded pension and retiree health benefits.<\/p>\n<p>USPS\u2019 financial travails are a particular problem because the Postal Service was designed to be financially self-sufficient. This means that unlike most federal agencies, it does not<br \/>\ndepend on dollars appropriated from the Treasury by the U.S. Congress. Instead, it was given a monopoly on the delivery of most types of paper-based correspondence, and in exchange, it must deliver mail six days a week to nearly every home and<br \/>\nbusiness in the nation&#8230;.(<a href=\"http:\/\/www.rstreet.org\/wp-content\/uploads\/2018\/02\/Postal-Reform-Final-Short-No.-54.pdf\">Read more<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year, the U.S Postal Service (USPS) lost more than $2 billion. This operating deficit was not a rare occurrence, as the agency has run deficits regularly over the past decade. This is because plunging mail volume has cut into its revenues. It is also $15 billion in debt and has more than $100 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[161],"tags":[188],"class_list":["post-3817","post","type-post","status-publish","format-standard","hentry","category-postal-service","tag-r-street-policy-study"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pBCzY-Zz","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/posts\/3817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/comments?post=3817"}],"version-history":[{"count":2,"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/posts\/3817\/revisions"}],"predecessor-version":[{"id":3820,"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/posts\/3817\/revisions\/3820"}],"wp:attachment":[{"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/media?parent=3817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/categories?post=3817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/tags?post=3817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}