So let me Understand….Pennies

So let me understand……

WE cannot afford to pay our people to keep open the White House for tours, or for our Veterans to have Tuition School benefits. However the government estimates $70 million loss for the production of pennies. The cost of producing a penny is actually two cents. The Government then sells them at a face value of one cent. In simple terms it costs the taxpayer $140million annually to produce pennies we sell for $70 million.

How about a radical idea? Change our coin system. Eliminate pennies; Make the nickel the smallest coin. Save the taxpayer $140million and use it to open the White House for tours, or pay for Veterans tuition or maybe even lower the deficit?

You Decide!!!!!


About billmoore353

Retired LTC- USAR Former HS Principal- John A. Holmes HS in Edenton, NC Former HS Principal- Roosevelt HS in Yonkers, NY
This entry was posted in Barrack Obama, ECONOMY, Government Waste, Politics, so let me understand...... Bookmark the permalink.

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