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...
- DEA Takes $16,000 From Train Passenger Because It Can
- Valve Tries Out Paid Mods Platform; It Fails Completely
- Eric Holder Cuts Off Program That Helped Spur Police Asset Seizure 'Shopping Sprees'
- GAO Study: Broadband Usage Caps Can Hinder Innovation, The FCC Might Want To Actually Pay Attention
- Profiting Massively From Torture: Designers Of CIA Torture Program Raked In $81 Million (And Are Still Getting Money)