Retirement pre-funding puts Postal Service in red

mailboxsLawmakers should address the pre-funding fiasco so the Postal Service can innovate and thrive

At the beginning of the Internet age, some predicted that the U.S. Postal Service would be rendered obsolete. As more people communicated online, the Postal Service — funded by earned revenue, not by taxpayers — would face declining revenue.

As more people in Iowa and elsewhere shop online, package revenue is skyrocketing. Amazon.com has the Post Office expanding seven days a week; in some places the USPS even delivers groceries to customers. All this makes the Internet a net positive.

After the first three quarters of fiscal year 2015, the Postal Service has a $1.2 billion operating profit, compared with $1 billion this time last year.

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