Post Office Bailout?

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If you’re like most people, you’ve probably given up a few extravagances in recent months. Vacations? Fancy dinners? Mailing a letter?

Yes, we’re onto you. You’ve been cutting corners by denying your great aunt her birthday card. And because of your penny pinching ways, the USPS is about to run out of money. According to Postmaster General John Potter, the postal service is on track to be bankrupt before the end of the year.

Potter told a House subcommittee Wednesday the lingering question is: Which bills will get paid and which will not.

He said he will make sure that salaries are paid, but also said other bills might have to wait. Potter is seeking permission to reduce mail delivery to five days a week and wants to reduce other costs.

Nice one.

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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