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

1

$26.1 Billion Union Bailout Went to States that Didn’t Need it

As I mentioned in a previous discussion on the Democrats $26.1 billion bailout for unions that Speaker Pelosi pushed through

50

Team Obama Recruits People To “Mystery Shop” Doctors

I wonder if they will ask the question “has the threat of ObamaCare made you turn away patients with Exchange

13

Fake Michigan Tea Party Acting Spoiler for Republicans?

Back in May I posted a report on what seemed to be a fake tea party group circulating petitions in