“The check is in the mail.”
It’s a classic American cliché — and an instantly suspect statement that makes people wonder if they will ever actually receive their money.
In the past those suspicions were mostly directed at the payor claiming the check was in the mail and simply hadn’t arrived on time — and a belief that the check had in fact never been written and was not as of yet actually in the mail. But going forward, claims that a check is stranded in the mail might in fact be true and uttered in honesty. Because the mail, it seems, will be getting slower.
In a hearing with Congress a month ago, U.S. Postmaster General Louis DeJoy said the United States Postal Service (USPS) lost more than $9 billion in 2020 and owes some $80 billion in unfunded liabilities. DeJoy said the system was “in a death spiral” and in need of big changes fast if it is going to remain viable.
“My message is that the status quo should be acceptable to no one,” he said then.
As of this week, DeJoy was back with his plans for fixing the broken status quo with a 10-year plan for recreating the USPS. That vision involves longer delivery times for some first-class mail, shorter hours for some post offices and more expensive postal rates across the board, according to reports.