Privatize USPS & FHA

Both of these organizations have been in the news recently with continuing losses and shortfalls the taxpayer is at risk for. The FHA is similar to Fannie and Freddie; the government should not be involved in insuring mortgages risking potential huge losses on the taxpayer with exposure of more than $1trillion. FHA guaranteed 24% of new morgages in fiscal 2011 ended 9/30 yet its capital reserves are below the 2% mandated by Congress. The USPS does serve an important yet declining function in the modern online world. However, it has the burden of a high cost structure and is inefficient. As with all levels of government, the pay scales and benefit structures are substantially above comparable private sector.  Pensions paid to past postal workers is very costly.The threat of ending Saturday mail has been on the table for months, they are now reducing their labor force and re-routing the mail. The end result is declining quality, speed of mail delivery. My small business felt the brunt of it the last couple days; late or no mail delivered at all. From this perspective; a UPS or FED-EX could much more efficiently incorporate the USPS structure into its operations. Since mail delivery is still essential for many the privatization would have to be handled carefully to make sure mail gets delivered 5 or 6 days per week. Perhaps it could be put out for bid every 4 or 5 years so there is competition. There is a better way!