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<p>[QUOTE="900fine, post: 369995, member: 6036"]Some random thoughts...</p><p> </p><p>1) They made 7.4 billion pennies, at a cost of 1.26c each (loss of 0.26c each). That works out to <b>$19.2 million</b> lost.</p><p> </p><p>They made 1.2 billion nickels, at a cost of 7.7c each (loss of 2.7c each). That works out to <b>$32.4 million</b> lost - far more than the penny.</p><p> </p><p>So <b>most of the "problem" is the nickel</b>, but all the "debate" is about the <b>penny</b> ! What does that say about the "public debate" ? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie5" alt=":confused:" unselectable="on" unselectable="on" /></p><p> </p><p>~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=</p><p> </p><p>2) Boy, aren't we all glad that a congressman is suddenly concerned about the National Debt ! Yay !!!</p><p> </p><p>~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=</p><p> </p><p>3) The article said those two coins contributed $100 million to the public debt. According to the numbers they provided, <b>that is not true</b>... it's a little more than $50 million (see above).</p><p> </p><p>~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=</p><p> </p><p>4) The article also said the <b>other coins are made at a profit</b>. Well, how much ? How does that work into this ? If two denominations are at a loss, but the others at a profit, is that really so bad ? What's the bottom line, $$$-wise ? </p><p> </p><p>Article writers didn't bother to do the math, did they ?</p><p> </p><p>~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=</p><p> </p><p>5) Can you believe our fabulous Congress is actually wasting time on this nonsense ? :headbang:[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 369995, member: 6036"]Some random thoughts... 1) They made 7.4 billion pennies, at a cost of 1.26c each (loss of 0.26c each). That works out to [B]$19.2 million[/B] lost. They made 1.2 billion nickels, at a cost of 7.7c each (loss of 2.7c each). That works out to [B]$32.4 million[/B] lost - far more than the penny. So [B]most of the "problem" is the nickel[/B], but all the "debate" is about the [B]penny[/B] ! What does that say about the "public debate" ? :confused: ~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~= 2) Boy, aren't we all glad that a congressman is suddenly concerned about the National Debt ! Yay !!! ~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~= 3) The article said those two coins contributed $100 million to the public debt. According to the numbers they provided, [B]that is not true[/B]... it's a little more than $50 million (see above). ~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~= 4) The article also said the [B]other coins are made at a profit[/B]. Well, how much ? How does that work into this ? If two denominations are at a loss, but the others at a profit, is that really so bad ? What's the bottom line, $$$-wise ? Article writers didn't bother to do the math, did they ? ~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~= 5) Can you believe our fabulous Congress is actually wasting time on this nonsense ? :headbang:[/QUOTE]
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