I’ve heard that it costs the United States Treasury more than one cent to produce a penny. Obviously these people went to American schools because where else would you come up with the idea to spend more money creating an item than the item itself would ultimately be worth?
And then, complicating the irony of it all is the fact that this is currency we’re talking about. We are losing money making [literally] money.
But worse yet, why do we still continue to do it.
Once upon a time, copper was cheap and the U.S. penny actually possessed the ability to purchase something. Not much, but something.
Nowadays if all you have is a penny in your pocket — or two or three — you ain’t got squat. I can’t think of anything that a penny will buy. (Except “your thoughts” and for some people’s, that’s over-paying… another issue entirely.)
And yet, the U.S. Treasury is coming out with a new penny. Never mind the fact that there was a campaign I’d heard of a few years ago to get rid of the penny entirely (because of its out-dated-ness, the folly of its cost, and so on) and just kick the lowest form of U.S. currency up to a nickel. (BTW, I’d sign that petition.) So essentially, they are going to continue to use taxpayer money to create new money that is less valuable than the expenditure it took to craft the money in the first place.
From the moment it rolls off the production line it’s an exercise in silliness. And yet, they continue to do it. Why?
Cause that’s the way it’s always been done. (I guess.) I only wish they would take a lesson from our schools.
Anyone notice that we, in education, still seem to do a lot of things for what seems like the “cause that’s the way it’s always been done” reason.
I guess those in glass houses shouldn’t throw stones at the penny makers, huh? I mean, I could bash and bash this new penny idea on and on but at least the U.S. Treasury has money.
Schools, we certainly don’t. Matter of fact, we’re so hard up that to us pennies look like benjamins.