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McCain Bill To Suspend Production Of Cent
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<p>[QUOTE="mikenoodle, post: 2729979, member: 307"]The bill as I understood it called for the suspension of cent production for a period of 10 years during which the CBO will decide what the cost savings are to continuation or discontinuation of the cent.</p><p><br /></p><p>Personally, I think it's a good idea. We can put production on hold, and examine the real consequences of cent production.</p><p><br /></p><p>The fact is that we could ask the public to turn in their cents for a premium and still spend less than it costs to produce them.</p><p><br /></p><p>This gives many people what they want.</p><p><br /></p><p>It gives the budget hawks a relief from producing cents at nearly 2¢ each.</p><p><br /></p><p>It gives cent hoarders a way to cash in on their hoards at a profit.</p><p><br /></p><p>It gives the government a way to sort out the best way to resolve the problem, and some time in which to accomplish it.</p><p><br /></p><p>Say what you want, I think it has better legs than a bill that simply halts cent production.[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 2729979, member: 307"]The bill as I understood it called for the suspension of cent production for a period of 10 years during which the CBO will decide what the cost savings are to continuation or discontinuation of the cent. Personally, I think it's a good idea. We can put production on hold, and examine the real consequences of cent production. The fact is that we could ask the public to turn in their cents for a premium and still spend less than it costs to produce them. This gives many people what they want. It gives the budget hawks a relief from producing cents at nearly 2¢ each. It gives cent hoarders a way to cash in on their hoards at a profit. It gives the government a way to sort out the best way to resolve the problem, and some time in which to accomplish it. Say what you want, I think it has better legs than a bill that simply halts cent production.[/QUOTE]
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