Guess who has the best post office | April 8
Postal service has Treasury loans
In last Sunday's business section, in your brief piece about the U.S. Postal Service, the last line states, "The USPS, which lost $5 billion last year, does not get tax dollars for its operation."
The USPS funds its deficit by borrowing up to $3 billion each year from the Treasury, and is now just about at its statutory borrowing limit of $15 billion.
Just where do you think this money comes from, and who do you think will end up paying the bill in the end, as there is no way the USPS can possibly ever repay this debt? Indeed, it will need even more.
The taxpayers, of course. It is simplistic "logic" like that in your article that explains why we are now in debt to the tune of $15 trillion, and the administration still wants to spend more.
Kenneth Kosyk, Temple Terrace
Owner sees rise in ticket sales | April 7
Pressure mayor to see reason
I hope the optimism of increased attendance at Tropicana Field by Tampa Bay Rays owner Stuart Sternberg proves correct. I doubt it, though.
The stadium is poorly located to serve the area's market and lacks every amenity of a modern facility. The Rays and their followers deserve better, but improvement is being derailed by St. Petersburg's mayor, who insists the team honor a lease that benefits neither party, and a pliant City Council.
St. Petersburg makes little money from the agreement, and the Rays suffer by being removed from the center of gravity of their fan base.
It would seem to me that a reasonable agreement could be achieved by permitting the Rays to secure another location within the Tampa Bay area in consideration for an agreed-upon stream of payments to St. Petersburg through the remaining term of the current lease.
However, if the mayor continues to thwart what is in the best interest of the region, perhaps non-St. Petersburg residents should consider putting pressure on his honor where it hurts the most.
Organize a boycott of St. Petersburg's economic base. Don't patronize its restaurants, retail outlets and cultural facilities. This may finally result in some common sense from city hall.
George Post, Clearwater