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House GOP wants to cash out dollar bill

i wonder what strippers think of this..
plus = gettin fivers instead of singles..
minus = getting pelted with a freshly minted susan B for your troubles..

seriously though, they could switch to a dollar coin and drop the penny, ergo no more gas prices ending in tenths of a dollar.(for some unknown reason, it just somehow bothers me..)

heh...waaaaay back when i was in grammar school they told us the 99. 1.99....etc....was to psychologically make you think it was cheaper than it was....now that 50 yrs ago thinking
 
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Conservatives, liberals, and all stripes seem to agree: get rid of the penny! And look out nickel, we're coming for you next.
 
Conservatives, liberals, and all stripes seem to agree: get rid of the penny! And look out nickel, we're coming for you next.

I don't think we should get rid of pennies. My only real beef with pennies is that vending machines don't take them :2mad:
 
Pretty interesting, surely the government would be creating a good amount of jobs if they abolished the paper dollar and at the same time they would be seriously harming businesses in the short term.

Bill changers, cash registers, vending machines would most likely need to be modified and taking the weekend deposit to the bank on Monday may require two people because of the added weight. There are lots of side effects to this IMO that are worth a closer look.

So much for idea that government doesn't create jobs(I hear so often).

Not saying it's right or wrong, just saying.

What's really neat about the changing/modifying currency is that people tend to save some for collecting, like with the statehood quarter or the Lincoln cent a lot of people take a few of each and put them aside, I image the dollar changeover would be similar and many people would take bills out of circulation for keepsakes. Also there is nothing like giving the clerk a five dollar bill at the store and getting 3 or 4 new shiny(new)dollar coins as change and then socking them away to never see the light of day again in the hopes that someday they would be worth something.

If I take four new dollar coins I got for change at the store and remove them from circulation and also sock a few old paper dollars away forever I wonder who benefits from that kind of activity? The fed maybe ?
 
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Pretty interesting, surely the government would be creating a good amount of jobs if they abolished the paper dollar and at the same time they would be seriously harming businesses in the short term.

Bill changers, cash registers, vending machines would most likely need to be modified and taking the weekend deposit to the bank on Monday may require two people because of the added weight. There are lots of side effects to this IMO that are worth a closer look.

So much for idea that government doesn't create jobs(I hear so often).

Not saying it's right or wrong, just saying.

What's really neat about the changing/modifying currency is that people tend to save some for collecting, like with the statehood quarter or the Lincoln cent a lot of people take a few of each and put them aside, I image the dollar changeover would be similar and many people would take bills out of circulation for keepsakes. Also there is nothing like giving the clerk a five dollar bill at the store and getting 3 or 4 new shiny(new)dollar coins as change and then socking them away to never see the light of day again in the hopes that someday they would be worth something.

If I take four new dollar coins I got for change at the store and remove them from circulation and also sock a few old paper dollars away forever I wonder who benefits from that kind of activity? The fed maybe ?

I think this is the longest post I've ever seen you make.
 
I think this is the longest post I've ever seen you make.



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That's probably why my head hurts now.:joke:
 
While I'd rather use dollar bills than dollar coins, I carry cash so rarely that I won't be all that affected by this one way or the other. If it will save the government some money to switch entirely over to dollar coins instead of dollar bills, then go for it.
 
I don't care one way or the other, really, and I don't really think this is a partisan issue.

agreed...doesnt really matter to me
 
It was weird in England using the 1 pound coin...for about a day. It saves printing costs, easier to deal with than a wallet full of ones...people would get used to it in a hurry.
 
It was weird in England using the 1 pound coin...for about a day. It saves printing costs, easier to deal with than a wallet full of ones...people would get used to it in a hurry.

On the continent they have both 1 Euro and 2 Euro coins. it's ****in' weird.
 
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LOL Here is the Tea Party at work, wanting to abolish paper dollars and replace them with coins. Good or bad idea? I don't think coins would work well in my wallet.



House GOP wants to cash out dollar bill - The Hill's Floor Action


We are headed towards a cashless society. We have moved from a largely cash society, to checks, to credit cards, to debit cards and now cards that act like cash. Just swipe and go. Government sees a huge advantage to electronic vs. cash transactions. It costs a lot of money to print and coin money. Cash is much more difficult to track and eliminating cash will go a long way to seriously impeding or eliminating black marketeering, organized crime, drug trafficking, etc

It will be voluntary at first, then it will become mandatory with the announcement that on a date certain, paper money will no longer be any good. You'll need to turn it in for credit into an account. If you don't have a card, you won't be able to buy food, get a job, get paid, etc. This will be seen as a way to control illegal immigration. Not a citizen? No card, no job, no money.
 
I've wanted them to do this for the longest time. Hell, even liberals should love it because of all the resources we'd save by not having to reprint paper every so often.

The dollar bill is (duh) the most circulated paper currency we have, which means it gets worn out the quickest, which means we'd have to replace it the most. Coin form ensures that a lot of waste is prevented.

So I have to ask...you find this bad because...why?

The GOP Suggested it, it must be bad.
 
It sounds like a great idea to me. Let's make the dollar coin the size of the dime, to reflect its current value. We could get rid of the penny and nickle, and make a 50cent coin to look like the current nickle. The quarter could then be the new penny, the $5 could be the new 50 cent piece, and the $10 bill the lowest denomination of paper. That way, we'd know the value of our money.
 
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