How the U.S. Post Office got into a financial black hole

It’s no secret the Post Office has been in financial trouble for years, a fact that has been politicized by President Donald Trump in the lead up to the 2020 presidential election.

The institution wasn’t spared from the impact of the Covid-19 pandemic. Thanks to a lifeline from the U.S. Treasury and better-than-expected sales, the U.S. Postal Service has enough cash to get through mid-2021.

Still, government watchdogs and private consultants warn it’s on a path to financial collapse, with unknown consequences.

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Incompetent management and people that, for various reasons, simply won’t come to work equals massive losses.

Cut the fat

I’m riding this gravy train until the end… working seven days a week.