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

5

Obama’s $23 Billion Teachers Unions Bailout

As the rest of us in America lose jobs by the millions, Obama wants to spend another $23 billion more

10

Obama Puts Unions Ahead of a Healthy Economy, Free Trade

President Obama claims that he wants to “create jobs,” and is happily touting several policies that he claims will create

0

Liberal Group Gets $1.1 Million Grant to Sell Obamacare ‘Success Stories’

Showing how scared liberals are that Obamacre is going to destroy them, a so-called “non-partisan” group has been the lucky