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 Replies: 63 / Views: 5,672 |
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Valued Member
United States
80 Posts |
I would definitely vote for it! If it cut Federal spending, it would be well worth it. (3 Trillion in debt!  ) |
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Pillar of the Community
United States
3294 Posts |
well 3.8 now I think after that last vote.
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Valued Member
United States
419 Posts |
Have to keep the dollar bill around. Harder to carry those dollar coins in my wallet!
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Valued Member
United States
135 Posts |
I would sign the petition.
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Valued Member
United States
346 Posts |
I would absolutely sign it. I prefer dollar coins over dollar bills. So much easier to handle.
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Valued Member
United States
327 Posts |
The life of a dollar bill is only a couple of years maximum. Coins, on the other hand, last much longer. It's pretty common to get 30-40 year old coins in regular pocket change.
Also, I metal detect. I'd love to start finding Dollar and Two Dollar coins in the parks!
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Bedrock of the Community
United States
20753 Posts |
With the economy as it is I doubt the government would stop making any currency or coins. Just to many people put out of work at the Mints.
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Rest in Peace
Australia
661 Posts |
Carl, wake up.
It takes probably more people to mint coins than
to print notes.
If your government had any 'guts' they could change
it over night, just like we did in Oz.
regards,
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Pillar of the Community
United States
7629 Posts |
This is a no-brainer issue. It costs over 80 cents to print a dollar, and they last six months. It costs 5 cents to mint a dollar, and they could last 20-25 years. The cost difference is ENORMOUS.
I do agree with Just Carl, and add that Muckeye might not know how the system works here. The facilities that print notes and mint coins are barely related and are run under different parts of the government here. $1 notes make up for more than half of all the notes printed in the US. The mint, on the other hand, would add only about ten percent to their jobs by minting enough dollar coins to sustain an absence of $1 notes. After all, they already handle minting 10 billion cent coins a year.
I believe what Justcarl was referring to was a tragic loss of jobs at the BEP (Bureau of Engraving and Printing) if the dollar bill were cut...and he's right. It's not just the lobbyists for the paper company and the fact that they would lose a substantial part of their government contract, people in both paper printing facilities would lose their jobs too.
So...Justcarl was correct in his statement except that the 'mints' refers specifically to coins, while the 'BEP' refers to printing money. Like I always said, you don't print coins and you don't mint currency and our government operates with these two different functions under different parts of the government with different management.
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Pillar of the Community
United States
7629 Posts |
I should add to the above by stating that some small part of the loss of work at the BEP and the paper plant from the loss of $1 notes could be made up in very much needed $200 and $500 notes for circulation. Why we, as the 'supposed' king of the hill in world economic power, have a note that will barely fill the gas tank of a pickup truck as our largest circulating piece of currency. That part bewilders me.
Most other world powers have notes equivalent to at least $500.
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Pillar of the Community
United States
3294 Posts |
I would think counterfeiting is one of the reasons we don't go with higher notes.
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Bedrock of the Community
United States
17884 Posts |
Quote:
$1 notes make up for more than half of all the notes printed in the US. Quote:
I believe what Justcarl was referring to was a tragic loss of jobs at the BEP (Bureau of Engraving and Printing) if the dollar bill were cut...and he's right. Actually since the production of two dollars bills would be ramped up greatly there would be very little or no job losses at the BEP or Crane paper |
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Moderator
 United States
188660 Posts |
You are probably correct, assuming that the two dollar FRN is not eliminated as well.
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Pillar of the Community
United States
5318 Posts |
Lot of common sense here, and I also consider the $200, $500 notes useful and would reduce the strain on the $20.
That said, I also think those two would need to be a completely new design--something akin to Australia's polymer notes would be great.
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Moderator
United States
188660 Posts |
 I am quite impressed with their notes!  |
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Replies: 63 / Views: 5,672 |
First Page
Posted 10/04/2008 11:48 pm
