Today’s Wall Street Journal article on the U.S. Postal Service’s financial woes today contains this interesting tidbit:
Eighty-three specific post offices were approved for closing during the three months ending Nov. 15, more closings than in any quarter in the agency’s history, according to the postal service. In addition, 408 post offices where service has been suspended for various reasons won’t reopen amid the fiscal crisis, Mr. Granholm said.
Some of those suspensions are being contested by the Postal Regulatory Commission, independent from the postal service and reporting to Congress, which is investigating whether the postal service has been illegally using reasons such as lease expirations to close small, underused branches.
A quasi-government institution which ran an $8.5 billion deficit last year, and is expected to reach its $15 billion borrowing limit from the treasury in this fiscal year, is attempting to do the responsible thing by limiting losses…and the response is to open a federal investigation? How does this make any sense?
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