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Monday, June 10, 2013

Senators Continue Push To Ultimately Replace Dollar Bill With $1 Coin

In spite of decades of studies showing the long-term cost benefits of dollar coins over Federal Reserve Notes, and the fact that most of the world’s leading economies have already switched to coins for similar denominations, the U.S. has remained steadfast in its use of printed dollar bills. So once again, lawmakers in the Senate are making the push to gradually make the transition from print to mint.
Iowa Senator Tom Harkin, along with John McCain of Arizona, Mike Enzi of Wyoming, Oklahoma’s Tom Coburn, and Mark Udall of Colorado, have introduced a second stab at the Currency Optimization, Innovation, and National Savings Act (yes, it spells COINS), which would promote and ease in the distribution of dollar coins. It also sets a timetable for dollar coins to replace Federal Reserve Notes of the same denomination.


Anonymous said...

So what's the big deal. If it saves tax $$ just do it! The public will eventually get used to it.

Anonymous said...

why do that. it's harder to carry a coin. they must not have anything better to do!

Anonymous said...

I agree with 8:21 AM. Why in the world would I want to carry a whole pocket of heavy coins for?

7:36 AM is ignorant with his comment. If it saves money for the $1 bill then it will save money for all bills. Yep change all paper money over to coins, the public will eventually get used to it. Says that ignorant moron.

Anonymous said...

Sen. John McCain rears his ugly head on another ignorant issue. John boy why don't you just go away. Your time in the POW camp is starting to catch up to you. Thank you for your service now move on please.

lmclain said...

How many times do these sniveling out-of-touch loser politicians have to try a dollar coin before they realize "we, the people" don't want them? Want to save some tax money? Get rid of politicians.