Of all the ways that the Congressional supercommittee is considering to save money, this one could be among the more unorthodox. If the dollar bill were phased out and replaced with a dollar coin, it could save more than $5.5 billion. But the Government Accountability Office found more than $1 billion dollars in dollar coins aren't used.
USA Today reports that lobbying interests on both sides are ramping up their efforts. They think that Congress might decide the issue after more than 25 years of debate. Mining interests, vending companies and mass transit agencies support the coin. Paper and ink producers and some small retailers oppose it.
hasnt a dollar coin been tried before?
ReplyDeleteoh maybe they will put obama on it and that will make people want to use it
The way that Canada got its people to use the “Loony”, their dollar coins nick name, was to outlaw the paper one. This is the reason that dollar coins have never caught on here in the US, we still have the paper ones available, if you have no choice, and you use what is available.
ReplyDeleteI can't imagine that strippers will be in favor of the coin....ooooh that's cold.
ReplyDeleteGreat, even more weight to carry around!
ReplyDeletethey can't get rid of the penny it costs two cents to make
ReplyDelete