Postal Service Isn’t Facing Immediate Cash Crisis; So Why the Massive Rate Hikes for Customers?
The Affordable Mail Alliance – a growing coalition of nearly 1,000 members including Magazine Publishers of America – submitted further comments to the Postal Regulatory Commission yesterday. The comments focused on last week’s hearings at the Commission, where the Postal Service admitted that it is not facing an immediate cash crisis – the original rationale for demanding a rate increase ten times the rate of inflation.
“Under none of the scenarios projected by the Postal Service will it stop meeting payroll or delivering the mail before… the last day of Fiscal Year 2011,” the Affordable Mail Alliance noted in its comments. “Moreover, the exigent increase, even if approved and implemented exactly as proposed, would not extend the Postal Service’s ability to deliver mail by a single day."