U.S. Postal Service May Be Going, Going, Gone, article.
"if we don't react in a smart, appropriate way, the postal service could literally close this year."
Why the Postal Service Is Going Out of Business, article.
Think about the Post Office’s value proposition. They send someone to almost every single home and business in the entire United States 6 days/week on the hope that there will be a demand for their service – sold at a starting price of 44 cents! For that mere $.44 they will deliver your hand crafted, signed message anywhere else in the entire United States!
I would be sad to see the global postal system go. They may not be the fastest thing around, but they reach any place, and nobody can come close to competing with their price on physical letters or parcels. Maybe they should be allowed to raise their prices a bit, it's better than collapse of one of the most important communications systems on the planet.
Pat points to this interesting article:
In 2006, Congress passed the Postal Accountability and Enhancement Act. This law requires the Postal Service to do something that no other business or government agency has to do–pre-fund its FUTURE retiree health care benefits. This is a 75 year liability that has to be paid in 10 years.