Monday, August 24, 2009

they can't run the Post Office...why dramatically increase their role in health care?

[1postal]
From the editorialists of the WSJ (hat tip: Linda Christiansen)...

Whatever possessed President Obama to mention the travails of the post office while discussing health care the other day, his timing was certainly apt. The Postal Service is headed toward a loss of $7 billion this year and another $7 billion in 2010. Naturally, Congress is planning another bailout rather than the kind of reform that would recognize how technology has transformed modern communications....

Here's a secret Washington doesn't want to admit: That 14 cent per letter cost hike after inflation over the past 60 years imposes a $20 billion a year toll on the U.S. economy....a $20 billion annual income transfer from businesses and households to the postal unions....

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