Posted on 04/27/2005 12:51:38 PM PDT by JesseHousman
NEW YORK (CNN/Money) -After two bellyflops, Congress is considering a dollar coin again. This time it might actually work. Like lemmings rushing into the fjords, Congress cannot seem to resist a leap into the dollar-coin money pit. Despite two wildly unsuccessful attempts to introduce a dollar coin, legislators are trying again. This time, however, lemmings might fly. On Wednesday, the House of Representatives passed a bill to create a new $1 coin, which would accompany the current Sacagawea piece. The measure enjoyed enormous bipartisan support, passing by a vote of 422 to 6.
(Excerpt) Read more at money.cnn.com ...
Something worthless they can all agree on.
Make a $2.00 coin instead.
Even with his own picture on it, Clinton will never use these coins. They would be too heavy for a g-string to hold up.
shouldn't there be a law against legislating while drunk?
Then, when you get one...you find out it's LIED & it's only a plug nickle. Soon after, it rapes you.
Bad money, man. Baaaaad money.
Any introduction of a dollar coin without corresponding cessation of the dollar bill is going to fail. A dollar coin would be fine with me, and it would make more economic sense considering the short lifespan of a dollar bill.
Something worthless they can all agree on.
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Says something about the relevance of the United States agenda, as defined in the Congress...Nero keeps fiddling while Rome burns (Mexicans invade)...
the last one might have worked except they made it almost exactly the same size as a quarter and countless ones were spent as such. people said to heck with it. doesn't matter who's face was on it - it looked too much like a quarter.
in some places it seems that salary and position are inversely porportional to intelligence.
If they could just get rid of the penny.
"In Bubba we Trust -- all others pay cash"
There are already 2 new dollar coins...Susan B. Anthony and Sakagwea...why spend the money?
Well, given that small denomination paper money bills have a very short lifetime and a coin has a lifetime of 30-50 yrs, it is cheaper to have coins (UK did it, and EU too)than paper bills in small denominations. The only problem is how to make the coins acceptable. Maybe it should be Reagan coin.
If they make the thing the size of the Ike dollar, it might stand a chance.
But their mindset appears stuck on that "just-slightly-larger-than-a-quarter" size that NOBODY likes ...
And they keep wondering why it fails...
I think this is a nefarious plot by the suspender manufacturing cartel.
Back in the early 1990's I got a bunch of Susan B. $1 coins as change from a stamp machine. On the way home I stopped for some fast food and when I paid the girl at the drive through she looked at me as if I was trying to pay with poker chips, or subway tokens. She turned to her manager and held out the 'suspicious' coins and asked "Do we take these?" I had to hide my snicker.
How appropriate - - - heads or tails.
Dontchya think that a $3 coin might be more apt?
"why spend the money?"
Because a coin lasts so much longer than a bill that in the long run it is economically a better investment to make coins. As someone upthread mentioned, it will only work if at the same time they eliminate the paper dollar
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