[nfbmi-talk] Could the blind be cause o $1 extinction?f

[joe harcz Comcast]

It might be except that the one dollar bill was excluded from the lawsuit.


----- Original Message ----- 
From: "Terry Eagle" <terrydeagle at yahoo.com>
To: "'NFB of Michigan Internet Mailing List'" <nfbmi-talk at nfbnet.org>
Sent: Thursday, December 13, 2012 8:31 AM
Subject: [nfbmi-talk] Could the blind be cause o $1 extinction?f


> Wednesday, December 12, 2012
> Article from Lansing State Journal
>
> Editorial: Time to phase out dollar bills
>
> If Congress and President Barack Obama were truly serious about avoiding 
> the
> "fiscal cliff" come Jan. 1, they'd start with a few easy measures instead 
> of
> going for the whole ball of wax at one time. They could get rid of the $1
> bill, for instance. The reason is simple: Coins last longer than paper
> money, thus are cheaper over the long run. How much cheaper? The 
> Government
> Accountability Office said last week that switching to $1 coins would save
> the U.S. Treasury, and the taxpayers - us - $4.4 billion over the next 30
> years. (It would also help the Treasury comply with a judge's ruling that
> requires it to make money more friendly to the blind.) For a nation that
> counts its deficit in the trillions of dollars, that would be a small drop
> in the fiscal bucket. Congress appears loath to make any big changes,
> however, until it's staring into the abyss, and the odds are long that
> Republicans and Democrats will ever agree on major changes to their pet
> programs. Approving a plan to phase out the dollar bill in favor of coins
> would at least start the ball rolling in the right direction. It is true
> that Americans have soundly rejected every previous attempt by the federal
> government to get them to switch from bills to coins. Experience in 
> Canada,
> however, has demonstrated that it's not impossible to get people to accept
> coins over bills. ... The only solution is to stop replacing worn-out 
> bills,
> as now must be done every four or five years. As the bills get scarcer,
> Americans will have no choice but to use the coins. Eventually, they'll
> learn to like them ... It's an easy way to save $4.4 billion.
>
>
>
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