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

0

Fed. Judge Puts Halt to Abuse of Justice in Wisc. ‘John Doe’ Raids

For the last three years a Democrat affiliated Milwaukee County District Attorney has been engaged in a political jihad of

32

Gov’t Refuses Transplant, NYTimes Says it’s Insurance Problem?

It is interesting to see how people will twist and turn reality in order to support President Obama’s socialistic healthcare

17

Dept. of Justice HAD The Ferguson Robbery Tape BUT told Police to NOT Release It!

A conflict between the local police in riot plagued Ferguson, Missouri and the federal government has come to light over