Republicans lobby to cease the paper dollar 

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 Republican Study Committee, a caucus of roughly 175 representatives, slipped that creative little fix into their newly-released fiscal 2012 budget proposal.

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.”

 

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Hayley Peterson

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