Late last year the U.S. Post Office hit its $15 billion dollar debt limit. Meanwhile the Government reported the inflation rate for 2012 at 1.7%, and only 0.7% if they don’t include food and gasoline.

Unlike a private company, over the past several years the USPS has not been able to act swiftly to cut expenses, increase efficiencies, lower labor costs and stop spending because…well because it’s a Government Agency.

As reported today on SchiffRadio.com, while the price of a stamp was recently raised a whole copper tin penny, the price of international mail has skyrocketed. Unlike domestic postage which is tied to the Government mandated, controlled, distorted and manipulated inflation rate, the USPS is free to correctly adjust international postage in order to cover rising costs.

So while domestic postage went up 2% to maintain the Government’s lie that there is no inflation, international mail that weighs less than or equal to 2 oz’s just went up 40% while international mail over 2.1 oz’s but less than one pound shot up over 100%.

For example, a caller recently sent a 3 oz letter internationally that had costed $4.50 previously and was now $9.55.

The Government – Lying To Us Daily

Categories: Inflation, National Debt

Tags: inflation, post office debt, postage rates increase, rising postage rates, USPS bankrupt, USPS debt