Barack Obama said the US mail, if cut to five days will save on rising costs. In his new deficit plan, he said that cutting jobs and closing postal offices is not enough.
The USPS, like Social Security is in dire straits unless congress and President Barack Obama agree on legislation that will cut costs. In doing so, it not only saves jobs; it softens the blow to small businesses and consumers.
Because his plan does not include broad-based tax increases, cuts are necessary for the postal service.
This obviously has an impact on international postal service, priority mail, package delivery, and regular mail delivery.
So far, the proposal has congressional approval on some fronts. Obviously, more talks and bipartisan support is needed.
This determines if the plan piggy-backs Barack Obama's deficit plan, or functions as separate legislation altogether.
Rep. Darrell Issa, a Republican congressman from California, believes that Barack Obama's plan will ultimately cost taxpayers money, despite his pledge that it won't.
According to a report from Reuters, the White House believes the cost-cutting measures will save the US Postal Service roughly $20 billion over the next few years.
USPS postal service rates are likely to increase to offset Saturday's cancellation of US mail delivery. What's more, the postal service relies heavily on revenue from the sale of stamps and other non-mail delivery products.
Do you support President Obama's plan to cut mail delivery down to five days?
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