What’s the difference between the public and private sectors? The answer is simple: In the private sector, if a business mismanages its operations, it goes belly-up. In the public sector, if an organization fails, it is kept on life support with more taxpayer money.
Such is the case with the U.S. Postal Service, which has lost over $100 billion since 2007. The number of pieces the USPS handles has fallen 57 percent since 2001, but the costly infrastructure needed to deliver every letter to every square inch of the country continues to hemorrhage money. This is why the Government Accountability Office added the USPS’s “unsustainable business model” to its “high risk” list, noting that the office needed to take action “to address its poor financial condition.”
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