Guess what. Follow the money. When the commitee made the recommendation for dollar coins instead of paper, immediately a Senate bill was introduced by Senators Kerry and Brown of Massachusetts to block the abandonment of paper dollars. Turns out that the cotton paper supply for paper money is provided by a Massachusetts company.
In a previous Speaking Of Budget post I had recommended getting the penny out of circulation to eliminate some needless spending. That won't happen either because the zinc miners appear to have a strong lobby.
If the legislators are serious about reducing government expenses, these are just two very minor items where some savings could be had. It's not going to happen. Not even one of the two.
My lonely promotion to get the penny out of circulation seems to be going no where.
Thanks to a recommendation from friend Phil of Tucson, there now are dollar coins in my pocket at all times instead of pennies. The dollar coins are great tip money. The bad part is finding banks who have rolls of dollar coins. When I happen across a bank with rolls, I buy several to keep me going until I run low once again.
If they were serious about something coming out of the "super committee", they should appoint middle of the road representative from each party. Not the far left and far right members they have on the committee at the present time. They are alike the "bell curve" with the majority in the middle and far out ones on each end.
ReplyDeleteI would hate to carry dollar coins around in my pockets. If they had $5, $10, 20, 50 etc that might make it more workable.
Canadians seem to get by with their looneys and tooneys!! If only a person could afford to live there- 12 dollars for 6 pack of beer- and can only be purchased at Gov"t store-
ReplyDeleteLOL, I'll join your campaign for dollar coins and no pennies! Of course that's probably the kiss of death for your campaign since I'm almost always on the losing side of these things. Good luck anyway!
ReplyDelete