{"id":3977,"date":"2019-05-17T16:17:02","date_gmt":"2019-05-17T20:17:02","guid":{"rendered":"http:\/\/kevinrkosar.com\/wordpress\/?p=3977"},"modified":"2019-05-17T16:17:02","modified_gmt":"2019-05-17T20:17:02","slug":"financial-collapse-of-the-united-states-postal-service-is-coming","status":"publish","type":"post","link":"https:\/\/kevinrkosar.com\/wordpress\/financial-collapse-of-the-united-states-postal-service-is-coming\/","title":{"rendered":"Financial collapse of the United States Postal Service is coming"},"content":{"rendered":"<p><a href=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2016\/01\/USPS-pic.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"3253\" data-permalink=\"https:\/\/kevinrkosar.com\/wordpress\/does-the-usps-even-need-a-board-of-governors\/usps-pic\/\" data-orig-file=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2016\/01\/USPS-pic.jpg\" data-orig-size=\"1140,500\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;Getty Images&quot;,&quot;camera&quot;:&quot;Canon EOS 60D&quot;,&quot;caption&quot;:&quot;United States Post Office Building&quot;,&quot;created_timestamp&quot;:&quot;1403854353&quot;,&quot;copyright&quot;:&quot;(c) Wolterk&quot;,&quot;focal_length&quot;:&quot;183&quot;,&quot;iso&quot;:&quot;250&quot;,&quot;shutter_speed&quot;:&quot;0.01&quot;,&quot;title&quot;:&quot;503203157&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"USPS pic\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;United States Post Office Building&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2016\/01\/USPS-pic-300x132.jpg\" data-large-file=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2016\/01\/USPS-pic-1024x449.jpg\" class=\"size-large wp-image-3253\" src=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2016\/01\/USPS-pic-1024x449.jpg\" alt=\"\" width=\"610\" height=\"267\" srcset=\"https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2016\/01\/USPS-pic-1024x449.jpg 1024w, https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2016\/01\/USPS-pic-300x132.jpg 300w, https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2016\/01\/USPS-pic-768x337.jpg 768w, https:\/\/kevinrkosar.com\/wordpress\/wp-content\/uploads\/2016\/01\/USPS-pic.jpg 1140w\" sizes=\"auto, (max-width: 610px) 100vw, 610px\" \/><\/a><\/p>\n<p>The United States Postal Service (USPS) will run out of cash in five years. Postmaster General Megan Brennan shared this news in\u00a0<a href=\"https:\/\/oversight.house.gov\/sites\/democrats.oversight.house.gov\/files\/Postmaster%20General%20Megan%20Brennan%20Testimony_043019.pdf\">testimony<\/a>\u00a0before the\u00a0<a href=\"https:\/\/oversight.house.gov\/legislation\/hearings\/the-financial-condition-of-the-postal-service\">House Oversight and Government Reform Committee<\/a>\u00a0earlier this month. The immediate consequence of USPS becoming insolvent would be that the world\u2019s largest postal system \u2014 which still moves 150 billion mail pieces per year, or 412 million pieces per day \u2014 would be dead in the water. This is something that has never occurred in the Postal Service\u2019s long and storied history&#8230;.(<a href=\"https:\/\/thehill.com\/opinion\/finance\/444316-financial-collapse-of-the-united-states-postal-service-is-coming\">Read more<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States Postal Service (USPS) will run out of cash in five years. Postmaster General Megan Brennan shared this news in\u00a0testimony\u00a0before the\u00a0House Oversight and Government Reform Committee\u00a0earlier this month. The immediate consequence of USPS becoming insolvent would be that the world\u2019s largest postal system \u2014 which still moves 150 billion mail pieces per year, [&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":[169],"class_list":["post-3977","post","type-post","status-publish","format-standard","hentry","category-postal-service","tag-the-hill"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pBCzY-129","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/posts\/3977","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=3977"}],"version-history":[{"count":1,"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/posts\/3977\/revisions"}],"predecessor-version":[{"id":3978,"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/posts\/3977\/revisions\/3978"}],"wp:attachment":[{"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/media?parent=3977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/categories?post=3977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kevinrkosar.com\/wordpress\/wp-json\/wp\/v2\/tags?post=3977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}