What would America do without its government-run postal monopoly? The U.S. Postal Service is set to go bust within a few weeks absent yet another multibillion-dollar bailout. If it doesn’t get one, the postman threatens to cancel Christmas deliveries. This threat could safely be ignored if only we’d permit companies like DHL, FedEx and UPS to handle regular mail in addition to packages. The only thing we’d miss without USPS would be long lines and a careless postman losing our mail.

The Post Office does “loss” better than anyone. It’s on track to rack up nearly $10 billion in red ink this fiscal year. The problems run so deep that there’s no way to make the dismal numbers add up without a massive infusion of taxpayer cash.

USPS is a government agency that... http://www.washingtontimes.com/news/2011/sep/7/usps-rip/