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Is Privatizing The US Postal Service A Solid Solution?

Privatization is not necessary

It would make it more efficient

 Getty: Justin Sullivan / Staff

Privatizing the U.S. Postal Service would come with a host of problems, infers Katrina vanden Heuvel of The Washington Post. While it has acquired debt in recent years, this was mainly due to mismanagement, particularly the requirement to pre-fund retiree health benefits. Additionally, the U.S. Postal service is not supposed to be run for profit. Sending mail to isolated parts of the country is not going to be cost-effective, but it remains necessary. These communities would suffer were it to be privatized. Examples elsewhere also indicate that this step costs jobs, lowers wages and risks raising prices on consumers.

Keep on reading at the Washington Post

The U.S. Postal Service is an example of government mismanagement, which would strongly benefit from privatization, writes Brittany Hunter of the Foundation for Economic Education. A big factor of this inefficiency is the strong grasp that labor unions have over it, upholding huge costs that benefit workers. Privatization would allow for more realistic wages and benefits. It is a huge drain on taxpayers, losing money 11 years in a row. Run by the government, the U.S. Postal Service will continue to be plagued by gridlock and disorganization. Run as a business, it could see much-needed changes to make it functional again.

Keep on reading at the Foundation for Economic Education
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