MCF: ToDay: 4/30/09 Thursday <-Click
I know that I'm from another Planet, or `Space,
but Zometimes I don't understand the `Math that
the USA uses ? ? ?
?
The Government’s $40 Million Annual Loss
April 2009 by live4freedom
This comes from Parade magazine. It’s not an indictment of either Democrats or Republicans. It’s an example of government stupidity at its finest:
but Zometimes I don't understand the `Math that
the USA uses ? ? ?
?
The Government’s $40 Million Annual Loss
April 2009 by live4freedom
This comes from Parade magazine. It’s not an indictment of either Democrats or Republicans. It’s an example of government stupidity at its finest:
What Does a Penny Cost?
One cent doesn’t buy you very much these days-not even the metal that is contained in a penny. (A penny consists of 97.5% zinc and 2.5% copper.) Last year, it cost the U.S. Mint nearly 1.5 cents to create a penny-
and nearly 9 cents for a nickel. “With each new penny and nickel we issue, we increase the national debt by almost as much as the coin is worth,” says Edmund Moy, the director of the Mint.Advocates of retiring pennies-which accounted for a $40 million loss to the Mint in 2007-point out that the coins also slow down cash transactions. But Americans for Common Cents, a pro-penny group backed by the zinc industry, argues that without the currency, consumers would see prices rise because merchants would round up to the next nickel. In addition, penny collections, which many charities depend on, would end. The one-cent piece has fans among regular Americans, too-in a 2006 Gallup poll, 76% of respondents said they still bend down to pick a penny up off the sidewalk.
Why doesn’t the Mint switch to less-costly materials to make the penny? Moy says that substituting a cheaper metal, possibly steel, could save up to $100 million annually.
(Due to a wartime copper shortage, the U.S. used steel in its pennies in 1943.) However, the Constitution gives Congress the power to regulate currency, and legislative efforts to change our change haven’t gained enough support.- J. Scott Orr
I wonder why our country is in `debt, &
going broke....Got a penny ?
Wanta buy a Saturn ? Ponitac ?
It's not a pretty
`Story4-Sure
Last edited by Space; Apr 30, 2009 at 01:30 PM.
Monte Of The Month -- September 2009
Joined: Feb 2009
Posts: 1,614
From: providence, RI
that's pretty crazy!!! i don't use cash much, but when i do i keep the change and put it in a big cup, and cash it in maybe once or twice a year. it usually ends up being around $150 or so. and yes, i am one of the people who bend down to pick up a penny. i do it as habit for luck, i've been doing it for as long as i can remember.
LOL ~LOL, U guys always make me `laugh ~>
I never know what your gona post : ) 4 Sure.
Thanks 4 bring'in some funnies in2 my long work days : )
U Both may want 2 consider joining our
"MCF Want 2 `be Comic Club"
LOL ~ LOL
Thanks 4 being `U
&
Keep Surpriz'in `me with your posts
:p 
lolLoL `Jamie Lyn,
U R invited also to join our; "MCF Monte Carlo Wanta `be Comic Club"
That was a good funny
J.J. wanta have a `puter Race ?
lol ~ lol
Took me 5 min's 2 post this : )
&
3 min's 2 load : )
Can U beat that ?
lol
STILL SLOW
Monte Of The Month -- May 2010
Monte Of The Month -- May 2010
Joined: Sep 2008
Posts: 7,082
From: Nubraska
LOL ram.
On a good side, trunk is pretty much done, not perfect but way better than it should be after the day i got pissed off LOL.
My arm hurts so bad from sanding, any one want to help?? haha
On a good side, trunk is pretty much done, not perfect but way better than it should be after the day i got pissed off LOL.
My arm hurts so bad from sanding, any one want to help?? haha
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May 6, 2009 05:21 PM