Why squabble over a couple billion dollars in ideological cuts when you have a non-partisan cash cow like the dollar coin up your sleeve?
A caucus of House Republicans is lobbying to ditch the paper dollar and replace it with dollar coins, which could save $184 million annually and $5.5 billion over the next 30 years, according to the Government Accountability Office.
The Dollar Coin Alliance is thrilled.
“During a time when Republicans and Democrats are both looking for ways to trim the budget, this is simply a good, common sense proposal,” says Shawn Smeallie, the alliance's lobbyist and a former aide to President George H.W. Bush. “Every year the government is literally throwing money away on an out-dated, anachronistic currency system – we applaud the Republican Study Committee for tackling this important issue.”