Also this article from Newsmax. More of the same.
http://www.newsmax.com/Newsfront/BB-BNALL-BNCOPY-BNSTAFF/2011/09/06/id/409896
Looks like Sat mail, some jobs (assuming contracts can be modified or broken) as well as pension funding (already being deferred) is on the block. They project they'll be behind another $9BB next year. Heck, they ain't even on a sustainable path. Histoire. Poof. Finito. Unless CONgress keeps pumping them up.
We've lost several itty bitty Postal Orifices here in the higher population density Midwest, too. It ain't a big deal with rural carriers. The old folks lost their liars benches and that's about all. I'm a 30-40 minute drive away from a Post Office anyway and it's just not a big deal. I simply combine a PO visit with other 'town' business. Besides, if there is enough volume, an enterprising individual could open up a Mailboxes, Etc. type store where the USPS has abandoned customers...
The USPS is a government entity, no matter how independent they say they are.
1) They borrow money for deficit operation from the US Taxpayer and have for years as has been pointed out.
2) I've delt with USPS as a supplier of equipment and the contracts that we had to review, sign and fulfill were on 'USG' stationary with USG legalese boilerplate. Actually quite similar to DoD, FAA and Bureau of Reclamation, et. al.
3) The head dog at USPS is a political appointee.
4) Ask any Postal Carrier and they will tell you they are a fed government employee, with all it's perks and privileges...
5) USPS also openly claims government status with respect to carrying firearms on it's 'property'-remember?
6) Want more proof? The larger USPS buildings/properties sport USG No Trespassing signs and the vehicles (except rural contract carriers) sport USG license plates.
As Mac suggests, this is gonna be another hot 'tater in CONgress.
I'm with Don, let'em stand on their own. If they do, fine, if they don't there are plenty of other private outfits that can haul the mail. Heck, USPS has flight contracts with FedEx and UPS and various airlines now. It's not a stretch for 1st class to come via UPS, FedEx or some yet to be formed corp as soon as the 1st class monopoly is lifted. Their business model is archaic and it shows.