I Say Get Rid of It


	I Say Get Rid of It

cmstratton

5-7-2008 11:16 AM

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cmstratton says:

It's costing more to make a penny and a nickel now than what they're worth. Why not at least get rid of the penny. It's worthless anyway - the only people who really care about them are collectors.

Who wouldn't happily get rid of all their pennies and not have to worry about them anymore?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9d380302-1a78-483f-8189-eba450a4988b/99C0527B-C9A3-4731-97C2-638C7B8636E2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://money.cnn.com/2008/05/07/news/economy/steel_pennies.ap/index.htm?postversion=2008050708" href="http://money.cnn.com/2008/05/07/news/economy/steel_pennies.ap/index.htm?postversion=2008050708" style="font-size: 11px;">money.cnn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/05/07/news/economy/steel_pennies.ap/index.htm?postversion=2008050708"><P>WASHINGTON (AP) -- Further evidence that times are tough: It now costs more than a penny to make a penny. And the cost of a nickel is more than 7 1/2 cents.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/05/07/news/economy/steel_pennies.ap/index.htm?postversion=2008050708"><P>A penny, which consists of 97.5% zinc and 2.5% copper, cost 1.26 cents to make as of Tuesday. And a nickel -- 75% copper and the rest nickel -- cost 7.7 cents, based on current commodity prices, according to the Mint.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/05/07/news/economy/steel_pennies.ap/index.htm?postversion=2008050708"><P><B>Get rid of the penny? </B>The proposals are alternatives to what many consider a more pragmatic, but politically impossible solution to the penny problem: getting rid of the penny altogether.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/05/07/news/economy/steel_pennies.ap/index.htm?postversion=2008050708"><P>Even Treasury Secretary Henry Paulson acknowledged in a radio interview earlier this year that getting rid of the penny made sense but wasn't politically doable -- and certainly nothing he is planning to tackle during the Bush team's final months in office.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/99C0527B-C9A3-4731-97C2-638C7B8636E2/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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