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Hey, Jack and Chris. Take a look around me. This is the reportings of the last couple
of years of the USPS. And you can see that there's a lot of losses, not a lot of profit.
Last fiscal year, the USPS lost 16 billion dollars. Let's take a look at a representation
of what that actually looks like. This is a pallet stacked with a whole bunch of cash.
This is 100 dollar bills. This isn't anywhere close to the actual number the post office
lost. Let's back out the camera and actually see what 16 billion dollars looks like. We'll
bring the camera back now and show you a graph that shows postage stamp rate tracking since
1885, when they first started tracking it. It remains stagnant, and right around 1970,
that is when rates start going up really quickly. And that is about the time when the post office
became independent of the government. Let's take a walk around and show you how much WIU
spends on postage stamps. 61 thousand dollars in last year, just on first class one-ounce
envelopes alone. That's 134 thousand pieces of mail. Now, with the 3 cent increase that
the post office is proposing, that would bring 4500 extra dollars needed to cover the cost
if we continue our current mailing trend. That means lost revenue, and lost money for
us to use as a campus. Is this a concern? Mario Calero, News3.