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Eliminating $1 Bills Could Save Billions

Discussion in 'Political Discussion' started by PatsWSB47, Mar 9, 2011.

  1. PatsWSB47

    PatsWSB47 Veteran Starter w/Big Long Term Deal

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    #12 Jersey

    eliminating-1-bills-could-save-billions: Personal Finance News from Yahoo! Finance

    I would
     
  2. chicowalker

    chicowalker Pro Bowl Player

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    If we're just getting rid of singles? Sure

    (but can we get rid of pennies, too?)
     
  3. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    I use Sacagawea Dollars all of the time, usually with very mixed results.. this will be a difficult change, which I support..

    In Canada believe they did away with 1 & 2 dollar bills.. the infamous loonie..

    Support this completely....
     
  4. The Brandon Five

    The Brandon Five Experienced Starter w/First Big Contract

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    #75 Jersey

    EU and UK as well. A pocket full of change means you can retire.
     
  5. PatsWSB47

    PatsWSB47 Veteran Starter w/Big Long Term Deal

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    #12 Jersey

    It makes so much sense. I mean it's not that burdensome of a change(pun not intended) is it? No one suffers, though dollar bill machines would go the way of 8-tracks.
     
  6. Nikolai

    Nikolai Football Atheist PatsFans.com Supporter

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    #54 Jersey

    When I clean my car in the states, I find enough change to give exact change at Dunkin Donuts. When I used to clean my car in Canada, I would find enough change to take my girlfriend on a date.

    Yep, do it.

    Seriously, it makes a ton of sense. They've tried it before, but people love being cash rich and money poor for some reason.
     
    Last edited: Mar 9, 2011
  7. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    If you want to have fun, bring sacagawea dollars to a really long line at Wal Mart.. see the confusion you will create.
     
  8. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    This would be bad for the stripper industry.
     
  9. scout

    scout Veteran Starter w/Big Long Term Deal

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    #15 Jersey

    Which brings up a great point. We can't get rid of the useless penny, how would we ever eliminate the $1 Bill? There are people who will argue, that we can mint the penny and still break even. Seriously, logic 101.
     
  10. PatsWSB47

    PatsWSB47 Veteran Starter w/Big Long Term Deal

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    #12 Jersey

    They'd be wrong. The penny shouldn't be part of the equation at all. A dollar coin can be used for decades and a dollar bill lasts how long? Then again strippers would have a hard time keeping a coin in a their g-strings:p

    EDIT sorry just saw your post Wistah....keep your mind out of the gutter ;-)
     
    Last edited: Mar 9, 2011
  11. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    #24 Jersey

    Too bad they don't have a union to protect them.
     
  12. scout

    scout Veteran Starter w/Big Long Term Deal

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    #15 Jersey

    My point was, that the government would not eliminate the dollar because of all the influences. As a case in point, look at the penny which is totally useless, and has insignificant value.
     
  13. PatsWSB47

    PatsWSB47 Veteran Starter w/Big Long Term Deal

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    #12 Jersey

    (I hope your sense of humor is turned on)agreed....so long as their union wasn't too strong. Luring a senior, tenured stripper over to your table mignt not be worth a dollar anyway:eek:
     
    Last edited: Mar 9, 2011
  14. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    #24 Jersey

    Kinda makes you rethink increasing the retirement age, doesn't it?

    :eek::eek::eek:
     
  15. chicowalker

    chicowalker Pro Bowl Player

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    Making it rain would be far less acceptable

    (I believe that's along the lines of some Tosh joke)
     
  16. PatsWSB47

    PatsWSB47 Veteran Starter w/Big Long Term Deal

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    #12 Jersey

    Hmm...I think you might have just stumbled upon what the real sticking point is with this union bargaining controversy. Where do you think they're meeting to discuss it anyway? No wonder they won't go back to WI;)
     
    Last edited: Mar 9, 2011
  17. Real World

    Real World Moderator Staff Member

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    With Italy serving as somewhat of a second home to me, I've experienced the move to the dollar coin currency first hand there. It's because of my experience with this that I am absolutely positively opposed to eliminating the $1 bill. In terms of convenience, carrying the coins absolutely sucks. Make no bones about it. Carrying $15 in "singles" will truly be something none of you will enjoy. It's awful. Aside from that, and most importantly, it's inflationary to common folk. It might sound stupid, but paper currency holds more weight (hehe) than a coin equivelent in the minds of the average person. A dollar is quickly treated like a quarter, and because of that, the value of smaller currency is quickly lessened on a psycological level. This is from my own experience with the Euro.
     
    Last edited: Mar 9, 2011

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