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 Today

Related Articles

7

NH Republican Establishment Working Against Tea Party Candidate?

And so it begins. Now that the 2010 midterms are done and the Tea Party has shown itself to be

1

As Government Spending Rises, Employment Falls

We were told that the more money our rulers frivolously wasted on pork projects, the lower unemployment would be. To

2

Dept. of Homeland Sec. Again Calls Patriotic Americans ‘Potential Terrorists’

Are you a patriotic American that thinks that our American way of life is in danger? Are you a Tea