The Financial Death Spiral of the United States Postal Service ...Unless?

Book excerpt: Grady E. Griffin knows all too well that the United States Postal Service is on the verge of financial collapse. It continues to lose billions of dollars per year, and it has reached its maximum federal borrowing limit of $15 billion. Meanwhile, total liabilities are approaching $100 billion. Griffin, who worked for the Postal Service in numerous roles, proposes common-sense solutions to the Postal Service's most pressing problems. These solutions and other fixes are popular among working-level employees, but many managers, union officials, labor specialists, contract compliance officials, advocates for grievances, and arbitrators who make a living off interpreting complicated contracts continue to oppose them for selfish reasons. Tens of thousands of jobs are at stake, and a valuable service that the public relies on could be eliminated forever unless stakeholders overhaul the Postal Service.