by Mike Masnick
Tue, Mar 8th 2011 8:30am
While not the first time it's done so, the GAO has once again urged the federal government to get rid of dollar bills and replace them with dollar coins. It says that this single move could save the government $5.5 billion over 30 years. That's chump change to the government, but it's still $5.5 billion. The report notes that Canada and the UK have done similar moves, and it has worked despite initial public resistance. Still, I'd imagine that US public resistance can be stronger than elsewhere on issues that are fundamentally meaningless, but to which people apply a sentimental value. And let's not even get started on the question of whether or not it's finally time to ditch the penny...
If you liked this post, you may also be interested in...
- PayPal Continues To Drive People To Bitcoin And Other Solutions As It Starts Cutting Off VPNs & Open Internet Solutions
- DEA Seized $262k From Sexting Extortioners And Now The Oldest Private College In West Virginia Wants Its Money Back
- JPMorgan CEO Jamie Dimon Says The Government Will 'Stop' Bitcoin
- Government Accountability Offices Finds Government Still Mostly Terrible When It Comes To Cybersecurity
- Texas Attorney General Sues Self To Stop Self From Releasing Documents He Says Can't Be Released