What Should Become of the USPS?

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The current Postmaster General is retiring this week with a nearly $5.5 million retirement package. The U.S. Postal Service has lost over 100,000 jobs and about $8.5 billion over the past decade. The numbers do not look good, and as electronic communication leeches away more and more business, they're not expected to improve. So, what should be done with the USPS?

Postal Service carrier Bill Kirby calls in from his post office in Massachusetts, and Tad DeHaven, a budget analyst for the CATO Institute, shares some of his ideas.