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

20

VIDEO: Pay Soldiers More Not Fast Food Workers Who Can’t Get Drive-Thru Orders Right

Eric Bolling has a message for the “liberal goon squad” of Stephen Colbert, Jon Stewart, and Bill Maher: let’s not

65

Two Examples Showing Liberals Don’t Know ANYTHING About U.S. History

This week we have two prominent examples proving that liberals are ignoramuses about the Constitution and U.S. history. One incident

0

President Obama Declares Health Insurance is ‘A Right’

During his weekly address from August 17, President Obama declared that health insurance isn’t just a privilege–it’s a right. The