“The independent panel that oversees the U.S. Postal Service has denied the agency’s request to increase the cost of mailing a letter by 2 cents – to 46 cents.” “The Postal Regulatory Commission announced its decision rejecting the requested price hike at a news conference Thursday.” “In July, the Postal Service proposed raising first-class postage from 44 cents to 46 cents as part of a strategy for dealing with a worsening financial crisis.” “The Postal Service lost $3.8 billion last year, and the agency has been seeking other rate increases as well, including higher fees for periodicals, post cards and parcels.” (Metzler, Natasha T., 9/30/2010, Associated Press, Rate board denies Postal Service price hike plea, Retrieved from email@example.com). Talk about an agency is need of a severe overhaul. Is it just me or has the cost of stamps and other services rendered by the U.S. Postal Service been increasing a little bit at a time for quite some time now. One could only assume that if you were hemorrhaging money when you first asked for a price increase, you would have done a little math to find out where the cost needed to be in order to stop the massive bleeding. It’s like this agency placing a bandage on a large arterial bleed.
It may be that the need for greed has come to a head and these minimal price hikes may continue to go unnoticed until all those who seek to expand their wealth has done so. I am aware that this recession took a toll on everyone and the cost of doing business has risen but a yearly increase sounds a little too much for me. I am somewhat surprised that there has not been much said about the constant increase of costs to those of us who love to use the postal service or maybe I have not been listening to the right cable channels or local media to notice. I am not saying that there are those who may be “tipping into the till” but I do think that it would be worth looking into if for no other reason than to justify the requests for hikes. Then that’s just my opinion and I could be wrong.