Stock Up On Forever Stamps, Postal Service Wants Rate Hike

After losing close to $4 billion last year the U.S Postal Service wants to increase the price of stamps by 5 percent to 46 cents.

forever stamp

The good news is that by purchasing the 44 cent forever stamp (that is right, forever means forever) you can pay 44 cents for a first class letter as long as you want.

And since the postal service will keep losing money at a record rate, you might as well stock up.

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4 Comments on "Stock Up On Forever Stamps, Postal Service Wants Rate Hike"

  1. mismanaged | July 9, 2010 at 7:04 am |

    the postal service has been grossly mismanaged for years, but of late the regular workers are being pushed out as management continues to grow. How can you justify decreasing the workforce, yet not decrease mgmt accordingly?
    Greedy people like Bernstock and a host of others in management who are not prosecuted, would never happen in the private sector. As a matter of fact, most postal management couldn’t possibly survive in the private sector. They’d be flipping burgers somewhere (if they qualified).
    Inspectors are also a joke. Eliminate them and regain some of that “loss”.
    Publically post the upper echelon pay, benefits and bonuses when posting projected loss. Now, there’s a link.

  2. Ray from Middletown | July 12, 2010 at 8:21 pm |

    This is the kind of performance we can expect from Obamacare: A never ending money pit that will never be satiated wite the confiscated dollars we feed it.

    Privatize it, and let the winner go nuts closing and slashing whatever they can from this wasteful relic from the 60’s. Like most unfriendly government services, we will learn to expect less, and will stop using it for frivolous needs. After about 10 years you will see what the true need of the PO is. Amtrak could use a bit of this as well. If the government can’t make this kind of heavy balance sheet business work, they should drop it.

    • It's In The Fine Print | August 9, 2010 at 10:07 pm |

      And THIS is the kind of response we can expect from people who do not understand what “The Post Office is NOT supported by the US Government” means. Hmmm.

  3. One might want to wait until just before the rates go up before stocking up. No point in lending that money to the USPS at zero percent interest.

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