Skip to comments.Biden: US scrapping dollar coins to save government money
Posted on 12/13/2011 1:22:59 PM PST by SMGFan
Vice President Biden announced Tuesday that the U.S. Mint would discontinue production of presidential dollar coins.
Stopping production of the coins is part of the Obama administrations Campaign to Cut Waste. Bidens announcement came at a Cabinet meeting focused on that campaign.
(Excerpt) Read more at thehill.com ...
And somebody said Joe couldn’t manage heavy lifting...
Just scrap Obama. We’ll save trillions!
If you want people to use a dollar coin ,you pull and destroy the paper dollar as you issue the coin.
Yet another government-induced facepalm. Balanced budget, here we come.
Amen. Now thats a Gov’t program I can get behind!
while they’re at it, why don’t they scrap those stupid statehood quarters too.
The mint declined Biden’s proposal to put his face on the dollar coin?
Irony phrase of the Millennium.
I take the dollar coins to the local farmer’s market and ballpark. They are always a hit! Big box retailers, not so much.
Actually, using the dollar coin instead of paper is cheaper. It lasts longer. This decision fits right in Obama’s policy of waste.
Oh, and by the way, Joe? The pennies now cost about 1.67 (+/-) cents to manufacture, and nickels cost 7.7 cents.
I’m of the albeit humorous opinion that the feds, knowing that dollar coins are extremely unpopular and in most part serve only to occupy federal warehouses, make & keep them for a sovereign version of threatening to pay large debts in pennies. If anybody demands immediate cash payment for Treasury Bonds, they will be invited to take payment by sending a fleet of trucks to said warehouses to pick up a billion or so unwanted coins.
“The mint declined Bidens proposal to put his face on the dollar coin?”
Only because they could not decide on what shape clown hat to use.
It would also help if they would quit making them the size of a quarter.
A trumpet call floated from the ABC/CBS/NBC/CNN/FOX telescreen just above their heads. However, it was not the proclamation of a military victory this time, but merely an announcement from the Ministry of Plenty.
‘Comrades!’ cried an eager youthful vice presidential voice.
‘Attention, comrades! We have glorious news for you. We have won the numismatological battle!
Returns now completed of the output of all classes of coins show that the we have saved no less than 20 per cent over the past year.
All over Amerika this morning there were irrepressible spontaneous demonstrations when workers marched out of factories and offices and paraded through the streets with banners voicing their gratitude to Big Bro’s Campaign to Cut Waste for the new, happy life which his wise leadership has bestowed upon us.
“while theyre at it, why dont they scrap those stupid statehood quarters too.”
The vilification of President Washington isn’t complete yet.
It’s probably in the works to make way for a world wide coin.
Oh its worse, 2nd year of 11 years of National Parks - a park in 1 image.
Of course when Lincoln was honored in 2009 with several different events in his life on the reverse no one could find them unless you paid 50 cents each.
Just recently they were arguing that the coins would SAVE money. Its just like a RAT, say whatever benefits you today even if its the opposite of what you said yesterday.