US Postal Service: Over $47 Billion In Losses In The Past Decade And Counting

US Postal Service: Over $47 Billion In Losses In The Past Decade And Counting(ZeroHedge, Aug 11, 2014):

Curious what pure, unadulterated government efficiency in practice, if not in theory, looks like? Then the following chart of USPS operating profits, pardon, losses over the past decade should be sufficient. The punchline: having generated revenues of nearly $700 billion in the past 40 quarters, the USPS has been bleeding red ink more or less consistently since 2006, and has now generated just over $47 billion in operating losses over the past ten years.

1 thought on “US Postal Service: Over $47 Billion In Losses In The Past Decade And Counting

  1. Thank the congress for putting such horrible pressure on them to fund retirees for the next 75 years in a decade…..the Congress is doing its best to destroy the post office so they can privatize the service and give it to their greedy friends.

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