Thursday, February 14, 2013

The Simple is to Difficult, For Congress Anyway...

by: Les Carpenter
Rational Nation USA

I have long wished the penny would disappear. It has very little, if any practical purpose in today's marketplace and they only take up space in your pocket or pocketbook. Finally we have a President registering his agreement.

Los Angeles Times - President Obama on Thursday said he supports eliminating pennies, but that it’s unlikely to happen because it’s so low on the list of congressional priorities.

In a Google Plus “Hangout,” Obama was asked why the U.S. Treasury continues to mint pennies even though the cost to mint them is more than they’re worth.

“I got to tell you, I don’t know,” Obama said. “It’s one of those things where people get attached emotionally to the way things have been.”

The president said the penny was a good metaphor for other inefficiencies in Washington that become institutionalized.

“Any time we’re spending money on something people aren’t going to use, that’s something that should change,” Obama added.

He argued he has asked Congress for the authority to reorganize inefficient agencies to perpetuate a more modern federal infrastructure, but said until Congress grants him that authority, it was up to them to act on eliminating the penny.

“The penny is something I need legislation for, and frankly given all the big issues, we’re not able to get to it,” he said.

Indeed! A simple legislative initiative that makes ultimate sense, saves dollars, and Congress won't find time to "get to the simple." So typical.

Via: Memeorandum


  1. Save the ones from 1982 and before. They're pure copper and the way that this country is going copper will probably be a precious metal in a decade or 2.

    1. Ya know Will I can't help but think you may be right. You'll have everybody saving their pre 1982's now.

  2. The President prefers dimes, anyway. Or just one of them, as he goes on and on about a single dime. Must be one important little coin.

  3. The nickle costs even more to make. Rounding prices to the nearest nickle will cost American consumers millions, but hey, why bother with that fact.

    1. I say eliminate the Penney, nickle, and dime and price accordingly... :-)

    2. "I say eliminate the Penney"

      The Sears isn't doing to well either.

    3. Anon said: "Rounding prices to the nearest nickle will cost American consumers millions"

      Apparently this is a sensible Anon, not the one who hates Jewish people.

      You have a real good point. If/when this hits, it will mean a big price hike, and windfall for retail. with the price on so many products rounded up. Taking another bite.

  4. Didn't Canada just get rid of it's pennies?



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