Red Rooster

Post Office Proposes Stamp Rate Increase (AP)

Notable for this:

The cost of a first-class stamp went from 37 cents to 39 cents in January… The increase in January was required so the post office could place some $3 billion in an escrow account, a step required in law.

The White House has opposed the release of the money from the fund because placing it there counts as income for the federal government and releasing it would have the effect of raising the deficit.

Ummm, what? You’re telling me that we’re holding up $3 billion in operating funds for a federal agency just because Bush is massaging the budget numbers?

Actually, I’m surprised that Dubya can count that high.

This entry was posted on Wednesday, May 3rd, 2006 at 3:46 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.