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The Washington Post has an editorial this morning about the Postal Service’s deteriorating finances. Most of it is pretty sensible, but it includes this bizarre claim (emphasis mine):

If it continues on its present course, the U.S. Postal Service stands to post $6 billion to $12 billion in losses by the end of the fiscal year.

I have absolutely no idea where they got this figure. We reported last month that the Postal Service has lost $2.3 billion during the first half of fiscal year 2009. So it would have to lose a whopping $10 billion in just six months to reach the Post‘s worst-case scenario.

A $6 billion loss is very realistic — that’s what the Postal Service itself projects. But $12 billion? No way.

(I do have to give the Post some praise for its headline. “Too Big to Mail”? Catchy.)

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    June 22nd, 2009 at 10:15 am

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