The USPS, a self-supporting government agency that receives no tax dollars, said it suffered a loss of $329 million in the first quarter of federal fiscal year 2011. That compared with a loss of $297 million a year earlier.
Don’t worry, they’re going to raise rates, cut hours, and lobby to make fewer contributions against their ever-increasing retirement obligations. What could possibly go wrong?
Tip from the Instapundit.