Rate Hike Will Harm Postal Service

The exigency rate increase on the price of postage, recently approved by the Postal Regulatory Commission, amounts to little more than a short-term stopgap measure. Even worse, it will ultimately cause further damage to the long-term viability of the Postal Service.

Under the law, the Postal Service is not allowed to raise prices above the rate of inflation unless there are serious exigent circumstances. These increases are meant to create better business in times of need, but unfortunately, this increase is not the silver bullet the Postal Service’s budget requires. It won’t solve the financial crisis, nor will it create a