Post Office Wants Postage Hike
NEW YORK --ť The United States Postal Service (search) filed a request Friday seeking higher rates, including a two-cent increase in first-class mail, in order to help cover pension obligations and an expected decline in letter volume.
The Postal Service said the price of a first-class stamp would rise to 39 cents from 37 cents early next year if the increase is approved by the Postal Rate Commission, an independent body that oversees the post office.
The increase comes as part of a broader 5.4 percent rate rise that the Postal Service will apply to most packages.
The stamp price increase is needed to cover a $3.1 billion payment that Congress requires the Postal Service to make to its employee pension fund. The agency has sought congressional action to eliminate that requirement. If that happens, postal officials said, the rate increase request will be withdrawn.
All so that my mail carrier can be rude to me and deliver my letters and packages late.
Personally, I say its high time we got rid of the post office and turned the industry over entirely to private enterprise.













