Posted on 03/23/2012 12:47:05 PM PDT by Ron C.
Capitol Hill lawmakers want to change the color of money amid growing concerns about the federal deficit and the constant pressure for Washington to live within its means.
The House and Senate each have introduced legislation that would replace the dollar bill with a $1 coin.
“Change can be difficult,” Sen. Mike Enzi, R-Wyo., said. “But doing things as we’ve always done has contributed to our debt. We've got to latch on to any reasonable handhold we can find to climb out of this hole.”
This is not the first time Washington has considered eliminating the paper dollar, which became part of the U.S. currency during the Lincoln administration in the early 1860s.
The Government Accountability Office has examined the issue five times over the past two decades as a way to help reduce government spending, each time concluding the switch would save from roughly $200 million to $500 million, said Enzi.
(Excerpt) Read more at foxnews.com ...
$1 coins will cost us much more - plus we already have over a billion bucks worth of $1 coins in vaults, and - without producing another single one, that number is expected to double over the next few years as more dollar coins already in circulation are handed back to banks in favor of light-weight paper bills.
These idiots know that $1 coins cost a huge amount of money to store... yet, they want to produce more, in spite of public preference.
Go to THIS LINK to tell these idiot GOP lawmakers to sit down and shut up - we don't need any more stinkin' one-dollar coins!
Maybe this is the “change” Obama was promising all that time...
Stupid gimmicks are no substitute for actual ideas.
SnakeDoc
I let them know. EVERY time they try to push $1.00 coins on us, the people utterly reject them.
More evidence that politicians don’t give a rat’s butt about what the people want.
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”
US Constitution/Art 1 Sec 8
I guess YOU NEVER read the US Constitution DID YOU!
Don’t worry about it, Ron. Very shortly the dollar will have so little value that people will be using 25 pound sacks of these things as door stops.
Change you can believe in... until the Dollar falls more in value.
Ya got that right!
They strain at a gnat and swallow a camel. They BLOW 500 mil on nonsense nearly every day in Congress!
Obama “change” - another LOL!
Indeed.
Do these people have ANYTHING in their heads except air?
How many friggin’ times are they going to put out a dollar coin and have people overwhelmingly make it clear that they HATE the things before they get the message?
maybe we could put Obama on one side and Biden on the other and call it the American Loonie?
I hate $1 bills. They clutter up my wallet and aren’t worth jack.
Give me a coin any time. I’d rather have four quarters than a stinking $1 bill. Bring on the $5 coin too.
Yes, I’ve read the constitution many times. But nowhere does it say that government should ignore the will of the people.
they will put his face on it too, I bet.
Attention Nudie Bar Strippers:
You are about to either double your income, or receive some horrendous chafing and nickel rash.
I’m not sure which.
I'd much rather have 10 one-dollar bills 'cluttering' my pocket that 10 coins. The weight is quite different.
When the UK introduced the 1 pound coin they simply stopped printing the 1 pound notes.
They can put the dollar coin in the “slot”.
I don’t know about that.
I also hate to carry change so as soon as I come in the house I download my pocket change into a # 10 can.
OK, so I’m lazy. When it’s full I take in down to Coinstar and pour it all in. Then I treat myself to something nice.
Adding in $1 coins will make that payout even bigger.
I also keep a stash of coins in my dash box. Use it to get Pepsi and peanuts while on the road.
I don’t see the problem - and it would last longer than a number of replacement paper bills.
they work for us, if we don’t like the way they coin the money they shouldn’t do it. Over and over again we’ve rejected dollar coins, with good reason metal money sucks. They should stop trying to foist it off on us.
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