Lonestar_logic
Republic of Texas
- May 13, 2009
- 24,539
- 2,233
- 205
so who owns it then?....
The USPS is created as a government agency under Title 39, Section 101.1 of the United States Code which states, in part:
(a) The United States Postal Service shall be operated as a basic and fundamental service provided to the people by the Government of the United States, authorized by the Constitution, created by Act of Congress, and supported by the people. The Postal Service shall have as its basic function the obligation to provide postal services to bind the Nation together through the personal, educational, literary, and business correspondence of the people. It shall provide prompt, reliable, and efficient services to patrons in all areas and shall render postal services to all communities. The costs of establishing and maintaining the Postal Service shall not be apportioned to impair the overall value of such service to the people.
No, the USPS is a Business!
the Postal Service takes on some several very non-governmental attributes via the powers granted to it under Title 39, Section 401, which include:
power to sue (and be sued) under its own name;
power to adopt, amend and repeal its own regulations;
power to "enter into and perform contracts, execute instruments, and determine the character of, and necessity for, its expenditures";
power to buy, sell and lease private property; and,
power to build, operate, lease and maintain buildings and facilities.
All of which are typical functions and powers of a private business. However, unlike other private businesses, the Postal Service is exempt from paying federal taxes. USPS can borrow money at discounted rates, and can condemn and acquire private property under governmental rights of eminent domain.
Under federal law, only the Postal Service can handle or charge postage for handling letters. Despite this virtual monopoly worth some $45 billion a year, the law merely requires the Postal Service to remain "revenue-neutral," neither making a profit or suffering a loss.
In simple terms, it's a branch of the federal government. It owns itself.
really?....but yet they cant make a move without some Committee or the Board of Governors and finally Congress giving this self owning business permission to do anything that they feel they should do....and it takes a while to get that permission....if Congress has the final word....how do you figure they own themselves?...
Sure they can. I just gave you a list of things they can do without congressional approval.
The USPS is an independent agency.
power to sue (and be sued) under its own name;
power to adopt, amend and repeal its own regulations;
power to "enter into and perform contracts, execute instruments, and determine the character of, and necessity for, its expenditures";
power to buy, sell and lease private property; and,
power to build, operate, lease and maintain buildings and facilities.
All of which are typical functions and powers of a private business.