thedailywhat:

Should America Get Rid of the $1 Bill?

According to the latest report from the U.S. Government Accountability Office (GAO), phasing out the iconic $1 dollar bill and replacing it with coins will save the taxpayer $4.4 billion over 30 years, due to the latter’s superior durability (coins last 30 years, whereas bills are typically good for 5 years). While the dollar coin has been in mint production since 1794, it has never quite caught on with the American public, forcing the Federal Reserve, which holds 1.4 billion of the 2.4 billion coins currently in circulation, to suspend its production last year. The GAO report came as the Congress began seeking ways to save money on minting at a House subcommittee hearing earlier on Thursday.

interestingggg. my joke while i’ve been in Canada is what do people do when they go to strip clubs? throw coins at them? I still haven’t figured out how that works.


1,450 notes / 1 year ago
via: thedailywhat , source: thedailywhat
  1. whipperrsnapper reblogged this from thedailywhat
  2. roblives4love reblogged this from thedailywhat
  3. summer-suicide1 reblogged this from thedailywhat
  4. tinklefish reblogged this from thedailywhat and added:
    I’m all for this!
  5. 12-29 reblogged this from thedailywhat
  6. unwoundghost reblogged this from honeyed and added:
    Or why don’t they, uh I donno, be bad ass like Canada with our awesomely new but weird money. THAT SHIT IS WATER PROOF...
  7. ejkorvette reblogged this from xxnephaelia-vondaemonenxx and added:
    I hate these damn things. When I get them at work they are a major pain in the ass. We are not Canada. We are not the...
  8. xxnephaelia-vondaemonenxx reblogged this from honeyed and added:
    NOOOO I hate dollar coins! I already spend forever counting out coins to pay for stuff because I HATE COINS and I WANT...
  9. honeyed reblogged this from queenofthemunchkins and added:
    VERY BAD LAZY GOOGLE MATH: A savings of 4.4 billion over 30 years is about $146,666,666 a year. There are currently...
  10. queenofthemunchkins reblogged this from italktosnakes
  11. projectpeace reblogged this from thedailywhat
  12. jjarichardson reblogged this from thedailywhat
  13. krissakk reblogged this from thedailywhat and added:
    That’s so silly, so many people just can’t cope...little change…
  14. slightlydaft reblogged this from storyinsilence and added:
    But then the strippers might have black eyes from the $1 coins being thrown at them…. Either that or they’ll get even...
  15. storyinsilence reblogged this from beowulfstits-archive
  16. cakeandpi reblogged this from rhazade-waterbender
  17. jmrich reblogged this from speakofmeinpresenttense and added:
    coins > bills
  18. speakofmeinpresenttense reblogged this from thedailywhat
  19. igothipsbutimnotahipster reblogged this from functionaloptimist
  20. functionaloptimist reblogged this from gracelescas
  21. yuumegari reblogged this from missveryvery
  22. cristinadearest reblogged this from thedailywhat
  23. heyemmy reblogged this from thedailywhat
  24. hrathe3rd reblogged this from exponentiallyspooky and added:
    Yesssss, USians come to the loonie side. MUAHAHAHAHAA…..
  25. exponentiallyspooky reblogged this from italktosnakes
  26. andrysb24 reblogged this from rebelsong
  27. whollahay reblogged this from thedailywhat and added:
    it worked just fine in Brazil tbh
  28. vesuviusathome reblogged this from lavinrac
  29. eagle-mountain reblogged this from unsung1
  30. expelliatardis reblogged this from papergirlintherealworld
  31. papergirlintherealworld reblogged this from wholmesianmisfit and added:
    You’ll just have to start paying strippers in increments of five then…
  32. unsung1 reblogged this from thedailywhat
  33. complete-idiots-guide-to-sass reblogged this from letsgetproper
  34. letsgetproper reblogged this from thedailywhat
  35. lyndsays reblogged this from blergeverything
  36. schala reblogged this from dinosaurjam and added:
    This would actually be annoying for me, because people usually tip with $1 bills. Even if it’s a credit card order a lot...