On ABC’s World News Tonight, I heard this:
“I can’t think of another business that is in financial trouble that seeks to get out of it by reducing service to its customers.” – Sen. Susan Collins (R-ME)
Really? Because businesses reduce services all the time. Businesses close unprofitable stores, simplify menus, cut hours, raise prices and spin off divisions. What thinking person could believe for a moment that every single business faced with financial trouble either chooses expansion or makes no changes at all?
Maybe this is part of the confusion: The “business” that Susan Collins is referring to is the U.S. Postal Service, a business whose major decisions must be approved by Congress. And if the public owns USPS, can I sell my share?