The rate of Postal Stamps sees an increaseMay 11th, 2009 - 11:26 pm ICT by GD
Economic recessions or economic booms, mails, they must go on. However, come Monday the mails will be going on a bit expensive rate. Yes from Monday that is from the 11th of May, the Postage rates are increasing.
On this increase of rates on the Postage stamps, Charles Johnson of Lincoln says, “”I don’t like it. It’s ridiculous.”
However, justifying the price increase Kerry Kowlaski, a postmaster as Lincoln said, “The biggest misconception the American public has is the fact that the postal service is funded by their taxes and that’s entirely false.” He also pointed out the fact that in the last fiscal year, the post office lost around $1.9 million.
Kowlaski, the postman from Lincoln further added, “All the money we spend is brought in through postage rates and fees so we have to cover our costs like any other business.” According to the other like Postal authorities the increase in the postage rates are not about or for adding services, but is for keeping the postal operations in the green, they feel that the people do not really understand that the postal operations works as any other business entity and that the current recession is also hitting the postal service hard.
This increase in the Postage stamp is the fifth rate increase that this new millennium has witnessed and naturally people are getting frustrated with these frequent hikes. The new postage rates for the first class mail will be $0.44 from the earlier $0.42.
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