Give Money to Post Office? ‘Might As Well…Burn It,’ Sen. Rand Paul Says | CNSNews

“Well, anybody who wants to give money to the post office, you might as well just put it into a big pile on your front lawn and burn it,” Sen. Rand Paul (R-Ky.) told Fox News’s Neil Cavuto on Wednesday.There’s no way to give any money to the post office to make the post office redeemable. You cannot fix the post office, unless you fix their labor problem. Eighty percent of the cost of the post office is labor. About 50 percent of UPS’s costs are labor. And FedEx is about 38 percent.You can’t run a business with 80 percent of your costs being labor, when your competitors have much lower costs. So, really, in the end, just giving money to the post office is giving money to an operation that lost $8 billion last year. So, giving them $10 billion, it’ll be gone within a year’s time. It’s a foolhardy notion.

Source: Give Money to Post Office? ‘Might As Well…Burn It,’ Sen. Rand Paul Says | CNSNews

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