Speaking of Lincoln, what we need now is a John Wilkes Booth. Lincoln needs to die.
Obama says he would seriously consider killing him. And he’s the one that is in favor of change.
Kill the Lincoln penny. Kill the penny. Period.
I think Old Honest Abe would want it that way. He was a frugal guy, he didn’t like copperheads, (Democrats who opposed his policies.) Prawley didn’t like the snakes either.
He’s already on the fiver, has a wonderful monument in the District of Columbia, a nice likeness is carved into the side of a mountain.
I don’t think he’d mind if the U.S. pulled a Booth and killed the Lincoln penny. It’s scheduled for a “rear” lift to commemorate his birthday. I guess they are probably already being minted.
Only in America would a government pay 25% more to mint a coin than it’s face value. Congress is addressing the issue, debating a law that would substitute steel for the zinc and copper.
What do you do with your pennies? Save (hoard) them? So you got 1,000 pennies in a jar someplace. That’s 2 1/2 gallons of gas. OTOH, it’s 10 McDonald’s hamburgers. But we really don’t need the penny anymore.
You know who loves pennies? Zinc and copper miners, and the coin counter makers.
It’s time to J.W. Booth Lincoln.
And the nickel too. (costs 7 1/2 cents to make.) July 4, 2009 (he died on July 4) would be a great time to kill Jefferson.
Obama has it wrong, we need is less “change.”
John Wilkes Booth jokes are still in poor taste over 140 years after the fact (look at the pot calling the kettle black; and no, that wasn’t an Obama joke) but I agree the penny should go. If only so I can stop endlessly explaining to my younger kids that despite their bulging handfuls of pennies, they don’t actually have enough money to buy so much as a gumball.
Gretchen’s last blog post..Subway: Bite ME.
Not a good idea when you realize that gasoline prices would be raised in 5 cent increments per litre rather than 1 cent increments like we have now.
And we all know that gasoline prices are not going to go down.
So I am opposed to removing the penny from circulation.
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Your point is common and economists have studied it and decided that it would not be inflationary.
Joy’s last blog post..Art That Makes You Go….Hmmmmm!
Maybe you had some quarters, dimes, and nickels mixed in? Freakonmics wrote about a little test, threw out 10 pennies in a highly trafficked parking lot. None were picked up. Two hours later, he returned and found seven.
Gretchen’s last blog post..Subway: Bite ME.
Joy’s last blog post..Art That Makes You Go….Hmmmmm!
@Joy: aHA! That’s still amazing that you had 10000 pennies.
Just all I’m saying
“According to the US Mint, the costs of producing and shipping one-cent (penny) and 5-cent (nickel) coins during fiscal year 2007 were $0.0167 per cent and $0.0953 per nickel.”