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.

Trending on the Web

Related Articles

189

Obama Lackeys Running GM Now Want US to Pay Out for Rebates

A few days ago I wrote about how the Obama administration has stuffed the upper echelons of management at General

16

Yank the Dipstickā€¦ Sheriff Dupnik Recall Effort Begins in Pima County

I was wondering how long this would take, but apparently my wait is over. A recall petition to oust Clarence

58

Senate’s Repeal Healthcare Vote Failure Further Makes Lie to Term ‘Conservative Democrat’

Newly minted West Virginia Senator, Democrat Joe Manchin, ran for office denigrating Obama’s take over of our national healthcare system