Congressman Schweikert’s heart is in the right place. He deserves credit for trying to save the taxpayer money. But his dollar coin bill is simply not a realistic solution to our economic woes. The money saved is not that much, and the American people are just not going to switch to all coins. There is a reason that there is over one billion dollars worth of coins sitting in the treasury gaining dust.
Nobody wants them! I have to think that the money saved by switching to dollar coins will probably be offset by the massive ad campaign urging Americans to make the switch. I applaud Congressman Schweikert for thinking outside the box, but this idea is not going to solve anything.