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 ...
I’m all for it if they will make the coins out of real silver or gold(at the price of gold a $1 coin would be very small indeed, but silver would work, or silver and gold alloy)but other than that they can keep their aluminum and pot metal coins.
I have an issue with the current-— last 15 years at least—billfolds which are made for women.
The change part of the billfold is not large enough to hold much more than $3 of change right now. They are too small & the ‘pocket gusset’ isn’t large enough to easily get coins into it nor to get coins out of it. I am constantly dumping all my coins onto the counter to get just a few of them. The change part breaks the zipper FAR before the rest of the billfold is worn out. I used to get a number of years from one billfold, but now am lucky if I get 2 years.
IF we are pushed into $1 coins, this problem will only be worse.
Women don’t carry money in their pants pockets!!!!!
But we do carry & SPEND money!!!
Someone needs to halt this nonsense!!!
EVERY SINGLE coin operated machine in the USA would have to be altered.
Laundry machines......soda dispensing machines.....cigarette machines...the list goes on & on.
Now that’s funny!
If a $1 coin were designed properly, so that one could easily feel the difference between it and the other coins in one’s pocket, and would be light and perhaps (egad) made out of a precious metal, it would be fine with me.
No way will I accept a dollar coin.
Talked to a grocery store manager in the mid 90’s, their coin sorters got all screwed up with Susan B coins
What? They’ll stop taking quarters?
All kidding aside coin machines are altered all the time.
When pop and snakes went over $1 machines were altered to take dollar bills - and 5’s.
The companies that make machines will keep making machines to take your money.
I ain’t seen a cigarette machine in years. A machine can’t card ya’.
You get it.
“But doing things as we’ve always done has contributed to our debt. “
-
No.
Spending more than we make, is why we’re in debt.
Buying crap from China, is why we’re in debt.
Not dollar bills. That’s a maroonic distraction.
IMO.
I went through a period when I’d go to the bank and pick up a roll of dollar coins and a stack of $2 bills. I loved spending them. I stopped at a convenience store for a pack of cigarettes, the young clerk looked at them and told me they only accepted American money! The manager had to educate him.
At four seconds of my time to bend over, pick it up and pocket it, picking up pennies equates to $9/hr in untraceable/untaxed income.
Keep encouraging others not to pick them up. I use them for the self-checkout register.
Why not just micro-chip your body?
I don’t think implantable micro chips are available for the task,but that is a prescient thought
The chip would not drag down my shorts or sweats like the $ coins will do
“...I’d go to the bank and pick up a roll of dollar coins and a stack of $2 bills.”
How wonderfully wicked of you!
Yep, and fun!
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