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

0

Hypocrisy: Left Wants SCOTUS Justice Thomas Recusal, Ignores Kagan’s Clear Conflicts

This past weekend the Washington Post published a hit piece on the grand opening of a museum in Georgia dedicated

0

IRS Spent $50 Million in Two Years on ‘Conferences’

A report to be released on Tuesday investigating expenditures by the Internal Revenue Service will reveal that $50 million was

10

McConnell Wants Terror Suspects Held in Kentucky to be Sent to Gitmo

Why are a pair of foreign terrorists sitting in a jail in Kentucky? That’s what Senate GOP Minority Leader Mitch