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.

Also see...

Related Articles

19

Obama’s Biggest Lobbyist Winners from Left-Wing Advocacy Organizations

FacebookTwitterEmail On the campaign trail, now President Obama regularly excoriated lobbyists. He said he’d make the government “open and transparent”

5

Don’t Censor the Internet! STOP the Combating Online Infringement and Counterfeits Act

FacebookTwitterEmail The politicians are at it again. They never cease to amaze for their constantly revolving attempts to take over

3

Can You Make A Video Explaining Why Government Regulation Rocks?

FacebookTwitterEmail If you can, the EPA wants to hear from you President Obama’s Environmental Protection Agency is encouraging the public

Share This

Share this post with your friends!