Pernnial Problem of the Postal Deficit
Current Economy Cuts in Postal Service
The Reduction in postal service now being placed in effect throughout the United States, in an effort to lower the cost of handling the mails, will bring home to every citizen the perennial problem of the postal deficit. In the fiscal year 1951, beginning July 1, expenditures of the Post Office Department are expected to exceed postal revenues by over half a billion dollars. In the fiscal year now drawing to a close, the excess of expenditures will be in the neighborhood of $545 million—representing about one-tenth of the total federal deficit for 1950, as estimated in the President's January budget.
The House Appropriations Committee, in reporting the omnibus appropriation bill for 1951 to the ...