| Author |
 Replies: 62 / Views: 5,556 |
|
|
|
Valued Member
United States
446 Posts |
Huh? Where did I say we should use coin to solve the deficit?
What I'm saying is focusing on this instead of other cost drivers is akin to swatting the mosquito in your room but ignoring the rattlesnake.
|
|
Valued Member
United States
324 Posts |
"The trouble is, is that in an era of one trillion dollar plus budgets, $700 million is like reducing the volume of water in a swimming pool by one beer bottle. You know yourself that you reduced the amount of water in the pool but no one else will notice and what's worse is they won't care."
To me, this statement appears to say don't bother with savings on the dollar coin because it is too small to fix the deficit. Others also commented and thought the same thing. Your mosquito example does the same thing. I don't advocate using the dollar coin to solve the U.S. deficit problem and you keep giving examples to that effect. If we had NO budget deficit like during Pres. Clinton term, I would still advocate the dollar coin instead of the paper bill. Is that better?
Edited by BluegrassRiver
08/02/2013 09:25 am
|
|
Moderator
 United States
189222 Posts |
Quote:
If we had NO budget deficit like during Pres. Clinton term, I would still advocate the dollar coin instead of the paper bill. Is that better?  Even if we were in the black, there is no reason ever to waste money. |
|
Pillar of the Community
United States
899 Posts |
Even if we "were" in the black is the key there... we were never close to paying off the debt we owe - they never even really hinted at starting to do that. It is sad when you think of the huge jobs growth due to technology and the internet boom of the 90's - that the best we can muster is we "might" have broke even for a year or 2 with all that tax money flowing into the coffers.
But heck... paying of your debt is such a 90's thing these days anyway.
|
|
Bedrock of the Community
13014 Posts |
Quote:
Even if we "were" in the black is the key there... we were never close to paying off the debt we owe - they never even really hinted at starting to do that. It is sad when you think of the huge jobs growth due to technology and the internet boom of the 90's - that the best we can muster is we "might" have broke even for a year or 2 with all that tax money flowing into the coffers. Which really gets back to I think it was your origional point of whats the point of doing it to "save" if the money is just going to be spent elsewhere. Washington really only cares what people want enough to get elected, but in this case it seems pretty clear that the majority of the country is perfectly happy with the bill and their inaction is actually in line with the majority. If people really wanted the bill gone and the dollar coin it would be done tomorrow if they thought it would help in the next election. Quote:
es, I am talking about the United States of America. I am well aware that you will be in control of Vanuatu very soon. While I'm sure Vanuatu is a beautiful location its nothing more than a training ground before the US as practice makes perfect. Ill have the staff send you the plans to avoid future confusion. Dont worry though Ill have a few new Ikes put out to keep you distracted to simplify the process  |
|
Moderator
United States
189222 Posts |
Quote:
While I'm sure Vanuatu is a beautiful location its nothing more than a training ground before the US as practice makes perfect. I think that is like playing with matchbox cars before running the Daytona 500. But who am I to judge, it is your funeral. I am sure... Quote:
Dont worry though Ill have a few new Ikes put out to keep you distracted to simplify the process ... I am... uh... sure... uh... Ooh, shiny!   |
|
Valued Member
United States
324 Posts |
"People" are happy with the paper bill because they have no information or understanding about the $700 million in taxpayer annual savings that would result in using a coin instead. Plus all the other countries in the world do without a one denomination. Of course, the government will spend the money elsewhere. Just like you do when you save money with a coupon at the grocery store. How the government spends its money in the aggregate, wisely or not, is not related to whether it is wasteful to use a paper one dollar that wears out in 15 months vs. the dollar coin that lasts 30 years. You all keep wanting to bash the government and this is not a political partisan question.
Edited by BluegrassRiver
08/02/2013 4:19 pm
|
|
Moderator
United States
189222 Posts |
Quote:
Of course, the government will spend the money elsewhere. Just like you do when you save money with a coupon at the grocery store. True, and who is to say that the money would not be better spent. Sure, they may waste it, but they may put it to better use. The thing to take away is that at the very least they are no longer wasting it on inefficient paper money. |
|
Bedrock of the Community
13014 Posts |
Quote:
I think that is like playing with matchbox cars before running the Daytona 500. I think of it more like a flight simulator |
|
Bedrock of the Community
13014 Posts |
Quote:
"People" are happy with the paper bill because they have no information or understanding about the $700 million in taxpayer annual savings that would result in using a coin instead. Of course, the government will spend the money elsewhere. Quite frankly I dont think people care. People dont vote on whose going to save the most money, they vote on who makes it sound like their life will be easier. The 1 is more convenient to them and thats what matters. Its pretty well known even for non collectors a coin would save money thats no secret its not rocket science to figure out metal lasts longer than paper. Despite that the dollar coin has been failing miserably over and over because people value convenience. Plus its really not a savings if its spent elsewhere. As a collector community were bias towards coins, but we are in the minority on this one for the country as a whole. The current fashion of skinny jeans and tight fitting clothes doesn't lend itself well to a pocket full of change and for guys in general wallets just arent designed to hold coins. It is what it is, but its far more a convenience issue than it is the public not knowing of the potential "savings" issue Quote:
You all keep wanting to bash the government and this is not a political partisan question. Bashing the governments use of funds isn't a political partisan response its just a simple fact of how Washington handles money. We wouldnt have a 16 trillion dollar debt if it was as simple as just giving the right party complete control and theyll magically fix it. |
|
Valued Member
United States
446 Posts |
Quote:
To me, this statement appears to say don't bother with savings on the dollar coin because it is too small to fix the deficit. Others also commented and thought the same thing. Your mosquito example does the same thing. I don't advocate using the dollar coin to solve the U.S. deficit problem and you keep giving examples to that effect. If we had NO budget deficit like during Pres. Clinton term, I would still advocate the dollar coin instead of the paper bill. Is that better? I'll try again. *If* you are using "deficit reduction" as the sole reason for elimination of the dollar bill while not even addressing entitlement reform or reforms in defense acquisition, then I'm not going to buy the argument that the change is "needed" since the focus is on small nittanoid line items in the budget and not the big ticket items. If however, you *are* addressing these bigger items, then you'll hold my attention. And please remind me.....was it *all* of the Clinton years that he had no deficit, or only those years when the opposition party was in control of Congress? (I'm a registered independent for the record, and disgusted to no end with both parties). |
|
Valued Member
United States
324 Posts |
Quote:
The current fashion of skinny jeans and tight fitting clothes doesn't lend itself well to a pocket full of change Good news is the one dollar coin takes the place of two quarters, two dimes, five nickels, and five cents- 14 total coins! So you have fewer coins in your pocket and can wear those skinny jeans! |
|
Bedrock of the Community
13014 Posts |
Quote:
Good news is the one dollar coin takes the place of two quarters, two dimes, five nickels, and five cents- 14 total coins! So you have fewer coins in your pocket and can wear those skinny jeans! Lol I despise them. But I did used to bartend and none of the guys every wanted coins, if I gave them the coins they would always leave them on the bar. It was a rare blue moon if they ever had any change on them. Its just not as common as it used to be to carry coins unless the cup holder in the car counts |
|
Bedrock of the Community
United States
17884 Posts |
In that case bartenders should all be in favor of the dollar coin. Give back change in dollar coins and then gather them in when the guys leave them on the bar.
|
|
Moderator
United States
189222 Posts |
Quote:
In that case bartenders should all be in favor of the dollar coin. Give back change in dollar coins and then gather them in when the guys leave them on the bar. Nice. |
| |
Replies: 62 / Views: 5,556 |
First Page
Previous Page
Posted 08/02/2013 09:20 am
