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<p>[QUOTE="Conder101, post: 1324037, member: 66"]So in the name of cutting government waste they are going to cut revenues to the general fund by 305 million dollars a year. Since they will still need that money it means the government will have to borrow an extra third of a billion dollars a year. I don't know where Wolin gets his $50 million dollar a year savings since it doesn't cost the government anything to make these things. Sure there is a cost, but they pay back way more than they cost so there is no net cost and no net savings from stopping them. The only real cost savings would come from savings in storage costs and from the article it is clear that even stopping them there will still be at least ten years of storage costs. (Actually at current drawdown closer to twenty years.) Stopping the dollar note would have resulted in more savings.</p><p><br /></p><p><br /></p><p>Just read the Treasury blog. In order to be better stewards of the taxpayers money they are taking steps to stop adding to the stockpile......but they are NOT taking steps to REDUCE the stockpile and move them into circulation by eliminating the paper dollar. DUMB![/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1324037, member: 66"]So in the name of cutting government waste they are going to cut revenues to the general fund by 305 million dollars a year. Since they will still need that money it means the government will have to borrow an extra third of a billion dollars a year. I don't know where Wolin gets his $50 million dollar a year savings since it doesn't cost the government anything to make these things. Sure there is a cost, but they pay back way more than they cost so there is no net cost and no net savings from stopping them. The only real cost savings would come from savings in storage costs and from the article it is clear that even stopping them there will still be at least ten years of storage costs. (Actually at current drawdown closer to twenty years.) Stopping the dollar note would have resulted in more savings. Just read the Treasury blog. In order to be better stewards of the taxpayers money they are taking steps to stop adding to the stockpile......but they are NOT taking steps to REDUCE the stockpile and move them into circulation by eliminating the paper dollar. DUMB![/QUOTE]
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