galleryPost Office Is Drowning in a Sea of Red Ink12.24.11galleryPost Office Is Drowning in a Sea of Red InkThe U.S. Postal Service is having serious financial difficulties, and may be on its last legs. The Daily Beast rounds up the troubling data.12.24.11 4:00 AM ETToby Talbot / AP Photo,Toby TalbotThe U.S. Postal Service is having serious financial difficulties, and may be on its last legs. The Daily Beast rounds up the troubling data. Joe Raedle / Getty ImagesCumulative losses are projected (PDF) to reach $238 billion by 2020. Eric Risberg / AP Photo There were 32,000 open post offices (PDF) in 2010, and of these 26,000 were operating with expenses exceeding revenue. Justin Sullivan / Getty ImagesThe Post Office mailed 177 billion pieces of mail (PDF) in 2009, down from 213 billion in 2006. Getty ImagesChanges to the service, like the elimination of first class mail, are expected to save $3 billion by 2015. Toby Talbot / AP Photo,Toby TalbotThe service is expected to lose a record $14.1 billion for the 2012 fiscal year; while revenue is expected to fall to $64 billion in 2012 from $65.7 billion in 2011. Elaine Thompson / AP PhotoThe amount of mail is expected to fall by 6 percent in 2012, compared to a 2 percent drop in 2011. In 2011, the Post Office had a net loss of $5.1 billion. Scott Olson / Getty ImagesThe number of visits to the post office fell by 59 million between 2009 and 2010. Chris O'Connor / AP Photo Good news: visits to USPS.com reached 413 million annually in 2010 and the site generated $640 million in revenue that year. USPSSales of stamps fell to $1.1 billion in 2010.