USPS Stuck with Unwanted Stamps

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The U.S. Postal Office is stuck with 682 million unsold Simpsons stamps after printing 1 billion new stamps featuring the cartoon family this year. According to Bloomberg:

As Homer would say, "D’oh!" In a move that wasted $1.2 million in printing costs, the service produced 1 billion of "The Simpsons" stamps and sold 318 million. …

The Postal Service earlier this month said it posted a loss of $5.2 billion in its third quarter and may lose $15 billion in the year ending Sept. 30. It has asked for Congress’s help in cutting costs byeliminating a requirement to pre-pay for future retirees’ health care and letting it stop Saturday mail delivery.

The service could save $2 million annually by ending overproduction of stamps that, like the Simpsons run, end up being destroyed when they don’t sell, the inspector general said.

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