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Swapping US $1 bills to coins would save 5.5b over 30yrs

17 pointsby jeffeppover 14 years ago

8 comments

justin_vanwover 14 years ago
Or, alternatively, we could cut defense spending by 1% and save that much money every year.<p>Better yet, lets cut defense spending by 50% and save $300B per year. Honestly, other than the big defense contractors, nobody would ever notice or care (well, people would notice that our economy suddenly had 300B of extra cash in it every year).
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mellingover 14 years ago
We already have $1 coins. There was a recent push to get people to accept them. Didn't seem to work.<p>At this point, we should move to contactless cash cards that can be used like some credit cards but without transaction fees. Reducing the need to carry cash will also save money, and time. Wait, I've got a penny here somewhere.
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sicularsover 14 years ago
Oooh. 5.5 billion /pinky raised to mouth/. Add a zero or two and cut the years in half and you may have something. That kind of money in this kind of economy is rather inconsequential.<p>Anonymous electro cash. That's the win. I am not a fan of a cashless future if we lose our anonymity in the process.
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citricsquidover 14 years ago
coins work well for us here in England, might not be so great for strippers though.
afinlaysonover 14 years ago
If you want to save more?? switch to debit/plastic. It would be greener then paper OR coins and harder to steal (although only slightly)
hsmyersover 14 years ago
Oh good--- I still have a change purse!
stretchwithmeover 14 years ago
In 30 years, we'll be having this conversation about getting rid of the $100 bill.
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InclinedPlaneover 14 years ago
5.5 billion, that's a LOT of money, that's almost 0.2% of the annual federal budget.<p><i>sigh</i>
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