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

1

In 2009 Video Blago Said Prosecutors Wanted ‘Sh*t on Obama’

Back in 2009 a video compilation of clips of impeached Illinois Governor Rod Blagojevich was posted on YouTube. Today folks

30

Bitter Half Spends Fortune in Formerly Racist Spain

Gulf states have been crippled economically by the oil leak Obama’s bumbling and intrusive regime made so hard to defend

41

Democrats Stealing Elections: Illinois Dems Deny Military the Vote in 2010 Election

The Dept. of justice is investigating whether the Democrat Secretary of State for Illinois has somehow forgotten to send thousands