White House rejects bailout for U.S. Postal Service battered by coronavirus


Without the loan, which awaits approval by the Treasury Department, the Postal Service would be “financially illiquid” by Sept. 30, according to estimates provided to lawmakers. Advocates for the Postal Service worry the agency is in a vulnerable position. As its main funding source dwindles, the Postal Service could be seen as ripe for a makeover; conservatives have long talked about privatizing the mail delivery in the United States.

The Postal Service projects it will lose $2 billion each month through the coronavirus recession while postal workers maintain the nationwide service of delivering essential mail and parcels, such as prescriptions, food and household necessities.

The GOP had dreamed of privatization of the USPS for decades and this is a golden opportunity to end the USPS as we know it. This is fucking serious, and there's a good chance that this will happen which will be a huge blow to our republic.