Two weeks ago, the U.S. Postal Service announced a huge financial loss in the final quarter of 2011. The USPS says much of the problem lies in a substantial decline in mail volume.

“We may not be able to return to profitability for the long term,” said Postmaster General Patrick Donohoe.

Some in Congress blame overly generous union contracts while the unions and others say a burdensome mandate to pre-fund the pension system is badly distorting the overall numbers.

Listen here to learn the financial facts and the debate over what’s truly responsible for them.

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