After We Get Rid Of The Dollar Bill, We Should Move On To The Penny And Nickel Next


Replacing dollar bills with dollar coins is an obnoxious idea, if only because coins don’t work well in most wallets. Yet, this would seem to be a strong argument in favor of the practice.

Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years.

When you’re broke, it doesn’t make a lot of sense to waste 4.4 billion dollars on a minor preference. However, if you really want to see some news about our coins that will make your eyebrows raise, take a look at this.

Rep. Steve Stivers, R-Ohio, said a penny costs more than 2 cents to make and a nickel costs more than 11 cents to make. Moving to multiplated steel for coins would save the government nearly $200 million a year, he said.

Imagine the stupidity required to produce coinage that costs twice as much to make as it’s worth spread across every level of government and it’s easy to see why the country is such a wreck.

Also see...

Related Articles

6

Government Healthcare Applied to AIDS in DC

We don’t need a crystal ball to see what healthcare will degenerate into as Big Government tightens the grip on

1

RO12 Film Premiere Review: Occupy Unmasked

One of the things we were treated to at this year’s Right Online event, sponsored by Americans for Prosperity, was

87

Compromised Wisc. Judge Rewrites Stop Order For Union Law… Again

Dane County Circuit Judge Maryann Sumi has gone back to her order to stop Gov. Scott Walker’s union bill and