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

3

L.A. Times: Hey, Did We Mention That You Romney Voters are ALL Racists

FacebookTwitterEmail Sandy Banks of the L.A. Times has figured out why anyone would vote against Barack Obama. Why, they are

0

Heritage: Unions Ate Your Raise

FacebookTwitterEmail James Sherk has a very good post over at the Heritage Foundation’s The Foundry blog about how unions have

22

Hey, Liberals: Obama Lied to You on ‘Tax Cuts For the Rich’

FacebookTwitterEmail Byron York assembled a collection of some of the many times that candidate Barack Obama told us he’d “roll

Share This

Share this post with your friends!