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Would you be willing to give up $1 bills to save $500MM/Year
Posted: Wed Mar 09, 2011 10:33 am
by dbackjon
Washington has come down with a case of fiscal fever as the Obama administration proposes everything from spending freezes on domestic programs to selling off unused government property to bring the budget back in line. Now, one study argues that the government can save billions of dollars simply by making a change to the currency itself.
Earlier this month, the U.S. Government Accountability Office issued a formal proposal to the Treasury and Federal Reserve noting that if it eliminated the $1 bill and replaced it with the $1 coin, the country could save roughly $5.5 billion during the next 30 years. The reason, according to the agency's report, is that dollar bills have a shorter lifespan than dollar coins because they wear much faster, which in turn requires the government to spend more to print new bills.
The GAO estimates that phasing out dollar bills in favor of coins would require a four-year transition period, during which the government invests in the new currency, but following that, the government would save an expected $522 million each year from the change.
http://finance.yahoo.com/banking-budget ... -budgeting" onclick="window.open(this.href);return false;
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:33 am
by dbackjon
I say yes - tough times require change!
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:34 am
by 89Hen
What about strippers?
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:36 am
by dbackjon
89Hen wrote:What about strippers?
a coin will fit in their cracks
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:37 am
by bandl
Who carries around cash anymore? Honestly. I rarely do, and if I do it's only a wad of Benjamin's. Anything smaller than that I throw on the street for the peasants.
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:39 am
by kalm
bandl wrote:Who carries around cash anymore? Honestly. I rarely do, and if I do it's only a wad of Benjamin's. Anything smaller than that I throw on the street for the peasants.
You're either a really good tipper or a tightwad.
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:41 am
by bandl
kalm wrote:bandl wrote:Who carries around cash anymore? Honestly. I rarely do, and if I do it's only a wad of Benjamin's. Anything smaller than that I throw on the street for the peasants.
You're either a really good tipper or a
tightwad.
Why do you think I'm so rich, BIATCH?!?!
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:44 am
by TwinTownBisonFan
long overdue...
discontinue the penny too...
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:45 am
by bandl
TwinTownBisonFan wrote:
long overdue...
discontinue the penny too...
I'll be damned if I'm going to throw a handful of nickels or dimes at drivers who piss me off on the Beltway. Pennies are perfect weapons.
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:48 am
by Grizalltheway
bandl wrote:TwinTownBisonFan wrote:
long overdue...
discontinue the penny too...
I'll be damned if I'm going to throw a handful of nickels or dimes at drivers who piss me off on the Beltway. Pennies are perfect weapons.
Nickels have more heft.
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:49 am
by dbackjon
bandl wrote:TwinTownBisonFan wrote:
long overdue...
discontinue the penny too...
I'll be damned if I'm going to throw a handful of nickels or dimes at drivers who piss me off on the Beltway. Pennies are perfect weapons.
just start hording them now
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:50 am
by bandl
Grizalltheway wrote:bandl wrote:
I'll be damned if I'm going to throw a handful of nickels or dimes at drivers who piss me off on the Beltway. Pennies are perfect weapons.
Nickels have more heft.
What part of tightwad do you not understand? Is it the 'ghtw'?
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:51 am
by Grizalltheway
bandl wrote:Grizalltheway wrote:
Nickels have more heft.
What part of tightwad do you not understand? Is it the 'ghtw'?
What?
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:52 am
by dbackjon
Grizalltheway wrote:bandl wrote:
What part of tightwad do you not understand? Is it the 'ghtw'?
What?
tightwad - ghtw = tiad. What is so hard to understand?
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:53 am
by bandl
Grizalltheway wrote:bandl wrote:
What part of tightwad do you not understand? Is it the 'ghtw'?
What?
Leaves us with these letters...tigd....I'll be damned if I can make a word out of that. maybe 93 can make up some stupid shit.
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:53 am
by bandl
dbackjon wrote:Grizalltheway wrote:
What?
tightwad - ghtw = tiad. What is so hard to understand?
Thanks gay man.
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:54 am
by Grizalltheway
You guys are both whacked. Like, whacked off, completely.
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:54 am
by dbackjon
bandl wrote:Grizalltheway wrote:
What?
Leaves us with these letters...tigd....I'll be damned if I can make a word out of that. maybe 93 can make up some stupid shit.
bandl for the spelling loss
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:55 am
by bandl
dbackjon wrote:bandl wrote:
Leaves us with these letters...tigd....I'll be damned if I can make a word out of that. maybe 93 can make up some stupid shit.
bandl for the spelling loss
tig'd?
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:56 am
by dbackjon
bandl wrote:dbackjon wrote:
bandl for the spelling loss
tig'd?
You already subtracted the g...
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:56 am
by bandl
My work is done here. I'm going to lunch.
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:56 am
by dbackjon
bandl wrote:My work is done here. I'm going to lunch.
You don't have the wife pack a lunch for you?
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:57 am
by bandl
dbackjon wrote:bandl wrote:
tig'd?
You already subtracted the g...
THERE IS NO g IN WHAT!!!!!
Keep up, GATW took what out of tightwad which left us with tigd. Seriously, do I have to do everything around here? No wonder I'm being 'cuntier' than
usual today.
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:58 am
by kalm
I think we need a thread hijack forum.
Re: Would you be willing to give up $1 bills to save $500MM/
Posted: Wed Mar 09, 2011 10:59 am
by bandl
dbackjon wrote:bandl wrote:My work is done here. I'm going to lunch.
You don't have the wife pack a lunch for you?
Not today. Today I am eating a huge blue cheese bacon cheeseburger, in honor of the catholic yahoos who can't eat meat because of belly button lint. What about you? You eating some sausage today?