Bullshit! You can thank Bush for the demise of the post office. And reflect a bit on what life will be like without the post office. there are entire swaths of the united states where UPS and FedEx don't even go. And without the moderating influence of a NO PROFIT institution, except rates from ups and fedex to skyrocket.
Plus the jobs, Charles. Every town in America has a post office, plus the thousands of jobs in the shipping centers.
And, the rest of the story, on the postal service going out of business:
"Rolando said the postal service's main problem is that, over the past four years, the agency has had to prefund health-benefit premiums for future retirees to the tune of about $21 billion. That amount, he notes, roughly matches the $20 billion net loss the agency has run up over the same time period. The prefunding condition is unusual and comes courtesy of a 2006 law passed by Congress, which requires the postal service to pay 75 years' worth of benefits in just a decade."