Video: Massive Cuts to Postal Service a Step Towards Privatization?
A proposal is currently being considered by the US Postal Service to sell its building in downtown Berkeley, CA and relocate its services. This is just one city that is feeling the impact of a crippling financial crisis currently affecting the Postal Service. In fiscal year 2012 it lost approximately 5.9 billion. And now thousands of buildings may be sold and thousands of workers laid off in what USPS says is an attempt to save itself, but critics argue is a step toward privatization.It’s commonly understood that the internet and e-communication is causing the demise of USPS, but that’s not the full story. What seems to be the prime cause is actually a little-known law passed in 2006.