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

14

Proving That Those Recovery Signs Are Just Another Obama Propaganda Piece

CNS News does the work that the Old Media refuses to do Federal contractors receiving money for projects funded by

0

Sen. Schumer Says Long Dead Assault Weapons Ban Responsible for Current Falling Crime Stats

On Sunday Senator Chuck Schumer tried to pass off the 1994 assault weapons ban bill that was canceled eight years

9

Obama Admin FINALLY Launching Major Border Security Program… But in Nigeria?

As millions of illegal aliens stream across our southern border bringing poverty, disease, and the destruction of our country, President