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

5

Indiana Democrats Fleebagging Again, Abandoning Their Jobs

Once again Indiana Democrats are playing the fleebagger game. Because they don’t have enough votes in the Indiana Statehouse, Hoosier

25

VIDEO: A Canadian Warns America NOT To Register Our Guns

A Canadian newscaster has a warning for Americans: Do NOT register your firearms because if you do, the government WILL

0

Homeland Security Secretary Admits ‘Thousands’ of Illegal Children STILL Coming Into USA

Our new Secretary of Homeland Security, Jeh Johnson, is now admitting that the onslaught of unaccompanied illegal immigrant children are

comments

Share This

Share this post with your friends!