SENATE BILL: Eliminating small Dollar denominations Act (Passed) (user search)
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  SENATE BILL: Eliminating small Dollar denominations Act (Passed) (search mode)
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Author Topic: SENATE BILL: Eliminating small Dollar denominations Act (Passed)  (Read 2775 times)
Unconditional Surrender Truman
Harry S Truman
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Posts: 14,139


« on: April 26, 2020, 10:28:51 AM »

Oh, God, are we doing this again? Pennies are pointless, cost double their cash value to mint, and most importantly do not facilitate the exchange of goods and services. When was the last time anyone here paid a bill with pennies? I don't usually describe myself as a fiscal conservative, but reviving a denomination for what amount to sentimental reasons is the epitome of corporate welfare. Very disappointing to see this idea gaining traction in the Senate!

(The U.S. used to mint a coin worth 0.005% of a dollar until it was discontinued for the same reasons we got rid of the penny —should we bring back the half penny, too?)
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Unconditional Surrender Truman
Harry S Truman
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Posts: 14,139


« Reply #1 on: April 30, 2020, 08:40:54 AM »
« Edited: May 01, 2020, 05:31:03 PM by Southern Senator North Carolina Yankee »

but reviving a denomination for what amount to sentimental reasons is the epitome of corporate welfare. Very disappointing to see this idea gaining traction in the Senate!
Truman, tell me why you keep pushing to place Kansas in your region for what amounts to sentimental reasons. Even after the senate voted down your idea, you pushed to place an unconstitutional amendment declaring Kansas to be in Fremont even though you know that it won't be enforceable. A lot of this game is driven by sentimental actions, but don't be a hypocrite about this.
What a ridiculous argument! Some issues, like regional heritage, have a fundamentally sentimental purpose. Monetary policy is not one of these!
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