$1 Billion That Nobody Wants - Empty Closets - A safe online community for gay, lesbian, bisexual, transgendered people coming out

Dan82 · 29th Jun 2011, 04:03 PM

http://www.npr.org/2011/06/28/137394...t-nobody-wants

Quote:

Politicians in Washington hardly let a few minutes go by without mentioning how broke the government is. So, it's a little surprising that they've created a stash of more than $1 billion that almost no one wants.

Unused dollar coins have been quietly piling up in Federal Reserve vaults in breathtaking numbers, thanks to a government program that has required their production since 2007.

And even though the neglected mountain of money recently grew past the $1 billion mark, the U.S. Mint will keep making more and more of the coins under a congressional mandate.

The pile of idle coins, which so far cost $300 million to manufacture, could double by the time the program ends in 2016, the Federal Reserve told Congress last year.

A joint inquiry by NPR's Planet Money and Investigations teams found that the coins are the wasteful byproducts of a third, failed congressional effort to get Americans to use one-dollar coins in everyday commerce...

http://www.npr.org/2011/06/28/137394...t-nobody-wants

**Lexington** · 29th Jun 2011, 04:08 PM

The ticket machines for the light rail train here in Denver all give back dollar coins. And I don't mind getting them, as everybody takes them without comment. But yeah, it's about time we stopped minting them. We've got enough, thanks.

Lex

Shevanel · 29th Jun 2011, 04:12 PM

I'd take a Billion dollars if no one else wants it. xD

bookworm43 · 29th Jun 2011, 04:40 PM

ooh! ooh! give it to mee! *waves hand frantically though the air* lol

Idonteven · 29th Jun 2011, 04:43 PM

no-one uses Dollar Coins? Insane country. £1 coins are ever so useful for the car park here.

starfish · 29th Jun 2011, 07:11 PM

That or we could just take the $1 dollar bill out of circulation. That will get people using them.

Ridiculous · 29th Jun 2011, 08:04 PM

Quote:

Originally Posted by starfish

That or we could just take the $1 dollar bill out of circulation. That will get people using them.

...you have both? Why?

**Ben** · 30th Jun 2011, 12:14 AM

Notes should be kept for the big moneys!

Though I do have a one pound note lying around somewhere, they're still in circulation in Scotland. And they make commemorative £5 coins, I've heard ~

30th Jun 2011, 12:17 AM

we have both because the bills get stuffed in strippers thongs

29th Jun 2011, 04:08 PM	#2
Lexington The gay gargoyle EC Advisor Gender: Male Orientation: Gay Out Status: Out to everyone Location: Colorado Age: 42 Posts: 12,372 Join Date: Dec 2007	Re: $1 Billion That Nobody Wants The ticket machines for the light rail train here in Denver all give back dollar coins. And I don't mind getting them, as everybody takes them without comment. But yeah, it's about time we stopped minting them. We've got enough, thanks. Lex

29th Jun 2011, 04:12 PM	#3
Shevanel One Is Light. One Is Dark. Full Member Gender: The Dude Orientation: Bi-Winning Out Status: Everybody and Your Mom. Location: Bolivar, Ohio (From NY though) Age: 21 Posts: 7,672 Join Date: Dec 2008	Re: $1 Billion That Nobody Wants I'd take a Billion dollars if no one else wants it. xD __________________ If there were no rewards to reap, No loving embrace to see me through this tedious path I've chosen here, I certainly would've walked away by now. Gonna wait it out... Be patient.

29th Jun 2011, 04:40 PM	#4
bookworm43 Ketchup Addict Full Member Gender: Female Orientation: Lesbian Out Status: My Immediate Family, 4 friends, 1 stranger Location: NY Age: 15 Posts: 585 Join Date: Jun 2011	Re: $1 Billion That Nobody Wants ooh! ooh! give it to mee! waves hand frantically though the air lol __________________ "A question that sometimes drives me hazy: am I or the others crazy?" - Albert Einstein

29th Jun 2011, 04:43 PM	#5
Idonteven Enigma Full Member Gender: Male Orientation: Gay Out Status: Out to everyone Location: England, United Kingdom Age: 21 Posts: 535 Join Date: Jan 2011	Re: $1 Billion That Nobody Wants no-one uses Dollar Coins? Insane country. £1 coins are ever so useful for the car park here.

29th Jun 2011, 07:11 PM	#6
starfish This space for lease. Full Member Gender: Male Orientation: I like guys Out Status: Out to everyone Location: Hippie Town, Alberta of the US Age: 31 Posts: 2,108 Join Date: Nov 2008	Re: $1 Billion That Nobody Wants That or we could just take the $1 dollar bill out of circulation. That will get people using them. __________________ All the problems of the world could be settled easily if men were only willing to think. The trouble is that men very often resort to all sorts of devices in order not to think, because thinking is such hard work. --Thomas J. Watson

30th Jun 2011, 12:14 AM	#8
Ben Was Invisible. EC Moderator Gender: Male Orientation: Gay Out Status: Out to everyone Age: 20 Posts: 3,705 Join Date: Jul 2008	Re: $1 Billion That Nobody Wants Notes should be kept for the big moneys! Though I do have a one pound note lying around somewhere, they're still in circulation in Scotland. And they make commemorative £5 coins, I've heard ~

30th Jun 2011, 12:17 AM	#9
lulu165 Guest Posts: n/a	Re: $1 Billion That Nobody Wants we have both because the bills get stuffed in strippers thongs

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