Only In Washington: Historically Slow Mail Delivery Rates Huge Grant (From RealClearMarkets)

It will soon take longer to deliver mail than it did in the 1970s as the U.S. Postal Service officially slows delivery standards on Friday, October 1. Grants to the Postal Service – $10 billion from the December COVID package and $8 billion or so related to electric vehicles that is part of the $3.5 trillion spending package – do nothing to improve mail service. In fact, they make the situation worse, rewarding Postal Service management for bad decisions. The saga of USPS offers a classic lesson about why just throwing money at a problem is ill advised. Lexington Institute’s Paul Steidler discusses this in an Op-Ed here.