Plans to end the dollar bill is being pushed

Blast special interest groups.......It's what stinks about this country.

 

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Have you thought about shipping though, look how many one dollar bills are demanded a day. What do you think is more easier to transver 10000 in one dollar bills or 10000 in dollar coins

 

Granted, shipping may be more expensive, but overall costs will be recouped by longevity.

 

It would cost about $12 to have 30 years use of $1 bill and only $.30 for at least 30 years of use.

 

I just read it would save the government 5.5 billion dollars over 30 years to replace the dollar bill. Do you know how long it takes the government to spend 5.5 billion? Maybe a couple days at the most

 

1 cent is infinitely more than 0.

 

not all infinites are the same...

 

You get my point. It's better to save a penny than to spend one.

 

Actually the copper dollars in question are the current golden dollars and I for one am looking forward to this. I hope it passes.

 

The US government spends almost $7 million per minute. At that rate, spending $5.5 billion takes just 14 hours.

 

All of two seconds. All they have to do is write the paychecks for all military personnel, and military expenses.

 

Yes but then the basically sell them to the treasury for $1 a profit referred to as Seigniorage. $5.5 billion doesn't seem like more than a drop in the bucket, but you gotta start somewhere.

 

Based on the what the Chicago Tribune posted earlier this week it appears to only cost 18 cents per coin: http://www.chicagotribune.com/news/nationworld/sns-dollar-coin-gx-20120813,0,3490725.graphic

 

I have never seen this point addressed anywhere in the discussion of dollar coin vs. dollar bill (and someone please correct me if my assumptions are wrong):

Current paper dollars are Federal Reserve Notes which the government borrows. Coinage is not borrowed from the Fed. Would eliminating the paper dollar in favor of a dollar coin mean that the government would no longer be borrowing each of those dollars? If this is the case, how much of the opposition to the dollar coin really comes from the Fed?

 

And next year the fed is going to refuse the Governments request to borrow any more dollars until they get a better credit score over 620..

 

They'll never refuse.

 

Kill the Dollar every election year!!!! I can recall I have heard were going stop printing the $1.00 bill.
but somehow the paper dollar lives on,its bulletproof ????

:thumb:I wish I had $1.00 for each year of hearing this I could buy a nice Morgan Dollar + not a cull.

 

Serious? Do you have any articles that say that?

 

http://dollarcoinalliance.org/

http://www.facebook.com/dollarcoinalliance

 

The Government is not just borrowing from the Fed.