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Stamps Might Hit 50 Cents
Postal Service cites need for quick action from Congress
By John Johnson, Newser Staff
Posted Feb 16, 2012 6:58 PM CST
Stamps might be going up to 50 cents soon.   (AP Photo/Steven Senne)

(Newser) – 50-cent stamps, anyone? That's one of the changes the postmaster-general wants Congress to act on quickly if the service is to survive, reports the Wall Street Journal. That increase of a nickel for a first-class stamp is actually one of the minor proposals from Patrick Donahoe. He also laid out plans to cut 150,000 jobs (mostly through retirements), to extend delivery times for long-distance mail, and to have the postal service cut ties with the federal health benefits program.

Those proposals are on top of an expected end to Saturday delivery. Without the fixes, the USPS will have yearly losses of about $18 billion by 2015, Donahoe told Congress. "These prospective losses would be unsustainable and would cause the Postal Service to become a long-term burden to the American taxpayer." He spelled out the dire scenario to lawmakers today—in a letter.

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Feb 18, 2012 11:03 AM CST
If the Post Office wants to get out of financial trouble they should start charging one rate for mail. Everything should be the same price whether it is junk mail or first class. The majority of the mail I get goes into the trash before it even gets into the house as most of it is junk. I especially like the Tuesday Trash...the same ads that came with the sunday paper. If people want the ads they can buy a paper, it shouldn't be up to the post office to deliver a copy to them for pennies. This would also help news paper circulation. I make my charitable donations based on who I can afford to give to, not based on who sends me requests the most often. Those charities are wasting money in my opinion. They could also cut delivery down to just a couple days a week unless you pay for next day or second day delivery. Monday and Thursday delivery would be just fine for most people.
Feb 17, 2012 1:06 PM CST
The GOP'ers are trying to bankrupt America, Bush starting two wars for his family the Carlyle group and incorporations. Bush raided our Social Sedcurity and they stolen roughly 3,000,000,000,000 dollars of our money, not their money. In 2006 the GOP passed a law that the postal service pay for 75 years of health benefits in the next 10 years, why were they only picking on the post office. They are against birth control,abortion food stamps,welfare,S.S.medicare,etc.etc. What are their plans when they have 5,000,000 unwanted babies born a year that are not wanted and unloved, straight on welfare and wards of the state. There are two ways to conquer and enslave a nation. One is by sword, the other is by debt. John Adams 1826
Feb 17, 2012 10:49 AM CST
Republicans authored legislation (that passed in 2006) requiring the USPS to prefund the next 75 years of health benefits for its retirees in a 10-year time frame. That's when and why their financial problems started. Without these prepayments, the USPS turns a profit every year and costs taxpayers nothing. Republicans are blocking repeal of this poison pill legislation.