Published August 18, 2020
The advent of email was a fiscal hurricane for the venerable institution. It has lost money for 13 consecutive years, with total losses of roughly $78 billion. The USPS lost nearly $9 billion in the past fiscal year, a 125 percent increase over the previous year. If it were a wholly private business, it would have been declared bankrupt long ago.
Henry Olsen is a senior fellow at the Ethics and Public Policy Center.