The US Government Accountability Office says we could save $5.5 billion over the next 30 years if the dollar bill was phased out in favor of a dollar coin. I don’t feel strongly one way or another, but I want Obama to propose this just so we can all see how much the Tea Party cares about our paper currency. I think the meltdown would be epic.
Makes me wonder how much the government saves due to the prominence of credit cards and the emergence of alternate payment methods like paypal.
Also, we will save more and more as we switch to mobile payments, etc.
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think of how much we’d save if we got rid of the dollar bill and the penny!
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If you REALLY wanna see a Tea Party meltdown …. propose we switch to the metric system.
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