Skip to comments.Call for change: Lawmakers push bill to switch to $1 coin
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 weve 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 ...
The English one pound coin works just fine. The problem is, I don’t trust the U.S. Government to design something that’s sufficiently different from current coinage that it’ll be easy to determine what you have ahold of when you’re fishing around in your pocket. The current coins are too close in size to a quarter. All it takes is a little intellect and some common sense in design, which is... of course... why I’m doubtful that the feds will be able to pull it off.
I would support the Reagan Dollar.
There is nothing wrong with a dollar bill as long it has worth. Because these morons have legislated us trillions of dollars in debt and have unconstitutionally created the Federal Reserve, allowing it to create money and money policy backed by whim, our currency is worthless.
Shifting from a dollar bill to a dollar coin will do nothing to change this. All it will do is inconvenience We The People with another politically correct worthless round of metal that will wear holes in our pockets.
If these political whores want to solve the problem, first restore worth to our currency. And it is simply done: Stop spending money you don't have. and; Pay the damn debts!
Here's how to do it; eliminate every government organization and program that is unconstitutional. After that the Federal Government could exist on tariffs.
I remember well my first car - when gas was .25 a gallon.
Last night I paid $60.20 for 14 gallons of gas - while back in those days I paid $3.50 for the same amount.
So much for the value of our buck today...
How many times have they tried this??
It doesn’t work. People do not want it.
Just more top-down command economy stuff
Congress spends roughly $10 billion per day.
Nearly half of it borrowed or printed.
My "rule" for top coin values is that you should be able to buy lunch for a couple of the largest value coins. That means we should have $2 coins already and be thinking about when the $5 will be replaced.
(P.S. dump the penny too. It is worth 5 seconds of a minimum wage earner's pay and that is below any reasonable round off amount).
AT least you spelled it right. heh
SO WOULD I! LOL - but that would REALLY outrage the libs! Heads would be exploding every 5 seconds!
Why not just declare toothpicks as $1 currency. Would have about as much meaning.
The weight will be heavy. England has a coin similar to the value of our dollar and it’s thicker and heavier than their other coins and a pain to carry that weight. I have family in England and have carried these heavy coins in my numerous trips there, and hated them.
I am not for these $1 coins. How much is it going to cost the govn. to transport these coins as opposed to transporting very light $1 bills?
We've already got a coin equal to the value of a Federal Reserve Note paper "dollar" bill.
It's called a "nickel."
Yep - but what really angers me - this effing bid is coming from supposed Republicans!
When they issue the coins they have to pull the paper , only way to do it.
I'd go for that - but merchants would be outraged - they play in pennies all day with their pricing!
Worse than that - GAS STATIONS! - with their stupid 9 tens of a cent tacked onto the price of a gallon of gas!
Easy solution, stop printing paper dollars
Biggest laugh on the thread! Trouble is, trees would really start disappearing ~grin~
Not only do we NOT need a $1 coin, we need to abolish the penny, nickel and dime now that inflation has rendered them of very little worth. The amount of time and energy spent counting change and preparing cash registers at every level of retail sales is a waste of valuable time and money.
Yes! And how many times have they tried to reign in government spending?? Sadly government still grows by leaps and bounds!
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