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.

Related Articles

60

The EPA overrides Congress & turns over town to an Indian Reservation

Obama’s lawless presidency has emboldened the bureaucrats at the EPA so much that with the stroke of a pen, they’ve

1

Obama’s War on Energy is about Control

When one thinks of energy, the thoughts about economic growth rarely come into play. : In fact, most take it for

0

Just Who is Paying the $10K Coyote Fees for Illegals to Get Here?

A recent interview with the human traffickers known as “coyotes” reveals that they charge from between $5,000 to $10,000 US