When I read about the post office's plan to raise first class postage again, it makes me realize that I learned very little about economics and budgeting in Cal's MBA program. I had always thought that if an organization is losing money, it is time to change the business model and/or hunker down. But as I understand it, the primary reason for the increase is that the United States Postal Service is expected to lose $6.5 billion this year, and another $7 billion in 2011. Yet I still receive mail 6 days a week, and pass by 3-4 post offices around town - nothing has changed.

I must be missing something. Maybe the government will cover the loss with all the interest earned on the $1+ trillion of mortgages it recently bought, along with the TARP fund pay-backs. Alright, I will step down from my soap box, but right after...

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