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

THIS Screenshot Exposes How UN-Affordable Obamacare Really Is

President Obama lied to the country repeatedly with his sales job… or better, his CON job… pushing Obamacare through. But

6

The Real World Impact Of One Regulation: 14 Million Plus Hours

Liberals have never met a regulation that they don’t like — well, unless it impacts trial lawyers, unions or some

10

Obama Puts Unions Ahead of a Healthy Economy, Free Trade

President Obama claims that he wants to “create jobs,” and is happily touting several policies that he claims will create

comments

Share This

Share this post with your friends!