What's Tampa Bay Saying?
Should the $1 Bill Go Away?
The measure could save the U.S. government a lot of money, but do you think it’s worth it? We want to hear your thoughts, Tampa Bay!
Can you imagine having to count out coins every time you wanted to break a $5 bill? That could be the future for Americans if a request by the U.S. Mint is granted. The federal government is currently exploring the possibility of doing away with the $1 bill as a way to save taxpayers money, according to The Huffington Post. While there would be some upfront costs involved in making the switch, the measure could save as much as $4.4 billion over the next three decades. That savings comes from the fact that coins stand up to the test of time longer than paper bills, the Post reports. A report is currently being put together for Congress by the Mint. It explores not only a change in $1 currency, but also the metals used in the making of coins…
chuck
3:28 pm on Friday, February 8, 2013
Get rid of the penny, nickel, dime(since they are like worthless now; even the hobos ask for a dollar), $1 bill, and $2 bill. Round up or down to the nearest quarter dollar. That will save the gov a lot of money and we don't have to carry those coins(penny, nickel, dime) any more. more ›