Gotta Spend Money to Make Worthless Money 

Wednesday, June 29th, 2011

To see a rather frustrating example of government waste, look no further than these bags of money:

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The bags pictured show millions of one-dollar coins the government is holding due to lack of enthusiasm from the public. Hundreds of millions of dollars have so far been wasted creating these unwanted coins, and that number keeps growing. The basic issue is that despite the public showing no interest in using a dollar coin instead of a dollar bill, the bill which created the current presidential dollar coins mandates that the government keep cranking them out even if they’re not being used. NPR has the entire story.

It’s too late to prevent William Henry Harrison from getting a coin, but there’s still time for this wasteful program to be shut down before Richard Nixon winds up on our currency.


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