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 Republicans have introduced legislation to retire the dollar bill and replace it with a mandated dollar coin.
A pair of senators, however, have introduced a competing measure to protect the paper dollar from, as they call it, the “unpopular $1 coin.
”Rep. David Schweikert (Ariz.) and two other House Republicans — including supercommittee co-chairman Jeb Hensarling (Texas) — introduced legislation last week aimed at retiring the paper dollar. Schweikert said his bill would save billions of dollars over the next few decades by transitioning to a dollar coin in four years, or as soon as $600 million worth of dollar coins are in circulation.
House GOP wants to cash out dollar bill - The Hill's Floor Action