Lumigan Without A Prescription » Online Pharmacy

Posted: Published on February 2nd, 2012

This post was added by Dr P. Richardson

Although the concept of phasing out the $1 bill in exchange for a $1 coin is hardly a new one, U.S. Senator Mike Enzi, R-Wyo., has joined a bipartisan group of other legislators in a renewed effort to do just that.  “Change can be difficult,” Enzi stated in a press release.  “But changing to more change could really result in savings for our deficit-strapped government.  Doing things as we’ve always done has contributed to our debt.  We’ve got to latch on to any reasonable handhold we can find in order to climb out of this hole.”  According to the U.S. Government Accountability Office (GAO), there has been recommendations for this change for more than two decades as a way to reduce government spending.

 

Senator Enzi joined Senators Tom Harkin (D-Iowa), John McCain (R-Ariz.) and Tom Coburn (R-Okla.) in introducing the legislation.
The proposal acknowledges that the numbers vary with differing studies, but that the savings is significant.  The GAO estimates savings of anywhere between $200 million to $500 million per year with the transition.

“Some estimates put the savings at up to 11.1 billion over a 30 year cycle,” stated Dan Head, Press Secretary for Senator Enzi.  “He really has a lot of hope that some of these common sense things will go though.  The sheer amounts of debt; this is a real easy way to save money without any real inconvenience to the tax payer.”

In a telephone interview with the Independent, Head pointed out that one primary concern by constituents is unfounded.

“For a lot of people, they will mention it is a matter of weight,” he added.  “The studies have shown that five, dollar coins, equals 1.5 ounces.  That’s less than a Snickers bar, a box of Altoids and much less than an iPhone 4.”

The savings with the change would come primarily from production and durability.

An average $1 bill lasts approximately 18 months in circulation.  A $1 coin is designed to last 30 years.

According to the U.S. Mint, costly security upgrades are necessary to combat counterfeiters every few years on the dollar bill, where the risk of counterfeiting a dollar coin is very low.  However, with five previous attempts to dislodge the $1 bill in the last 20 years, it is still very much in question whether this particular effort will receive any traction.

“There is no definite time line moving forward,” Head concluded.  “If we can get Harry Reid to take it up, we’ll push it forward.  I think people would like to start saving money.  This could be part of a larger reform as an amendment or as a stand alone bill.”

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