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

2

Shutdown Theater: Squirrels Simply Love Michelle Obama’s Garden

Can we really call it Michelle Obama’s garden, when she isn’t the one who actually does any work? (Daily Mail)

68

Wisc. and Ind. Democrats: Union Cash Driving Democrats to Run and Hide

With Democrat state legislators in Wisconsin and now Indiana fleeing their states so that they don’t have to do their

37

Live Tweeting Obama’s Jobs Speech: More Big Government Boondoggles

As I often do, I live Tweeted Obama’s address to the joint session of congress, but for sure this speech