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

56

Wisc. Teachers Protest Working an 8-Hour Work Day

Green Bay TV reported on June 21 that the teachers union in Green Bay, Wisconsin is incensed that the school

29

NPR: Again Falsely Blaming Giffords’ Shooting on Uncivil Political Rhetoric

I suppose we couldn’t get past the one-year anniversary of the crime against Democrat Representative Gabrielle Giffords without some Old

4

Wow: Independent Iowa Voters Disapprove of Obama 61% to 32%

A new poll of 500 likely Iowa voters shows that Obama has fallen to new lows in his approval rating