The organziation that once promised that rain, sleet or snow would not prevent it from completing its appointed rounds is now facing a cloudy future because it is bleeding money at unprecedented levels.

A few facts (and then seeking your opinion):

• A $2.4 billion quarterly loss for the U.S. Postal Service, extending its string of red ink to at least the last three years
• A projected mail volume decline as high as 20% between 2008 and 2010
• The potential closure of nearly 700 post offices around the country
• Shockingly, lawmakers, postal officials and union leaders are at odds about what to do next

My take: the model is broken; don’t tinker around the edges; don’t prop it up with additional government subsidies (our taxpayer money). It’s a whole different mail delivery world, requiring innovative solutions. Do downsize; do privatize if that is deemed best; do create a system that will serve us well into the future.

Your thoughts?