Donald Trump announced during the weekend that the United States would stop coining cents. And it could be the first thing the fascist president has done since he assumed the position.
“For too long, the United States has coined cents that literally cost us more than 2 cents. This is so wasteful! Trump wrote about Social truth. “I have ordered my Secretary of the United States Treasury to stop producing new cents. Let’s extract the waste from the budget of our great nations, even if it is a penny at the same time. “
The cost of coining a penny has been for a long time higher than the nominal value of the currency, but the price has increased even more in recent years. Create a cent cost 2.7 cents in 2022 but shot 3.7 cents in 2024, according to the Wall Street Journal.
Supporters of undoing the penny point to other countries that have done the same with success. Canada got rid of the penny in 2012, while Australia left the 1st center in the 1990s. The last time that the United States stopped coin Centa was worth approximately 18 cents in today’s currency when it was abolished in the mid -nineteenth century. In 2014, Gizmodo wrote about this small fun event when the price of the middle center of 1857 was worth a penny.
The defenders of the Centa argue that it would be too difficult for merchants to round the payments up to the 5 closest cents, but other countries do it well. And when the United States got rid of the half -penny people, he undoubtedly felt the same.
Another thing that the United States could do to save money is to get rid of the invoice of $ 1, which has a much shorter useful life than a $ 1. United States currency has a $ 1 coin that has never been widely adopted, thank you In large part to the existence of the invoice of $ 1. Canada left its invoice of $ 1, which led to the widespread adoption of the $ 1. currency. And if the United States really wants to see its people use the currency, it will have to stop making invoices of $ 1.
The United States could also change the materials in its currency since the country is caught in the twentieth century with invoices made of cotton and linen. Countries such as Great Britain, Australia and Canada have adopted polymers -based coins that can circulate for much longer without being torn apart and need to be replaced.
Getting rid of the penny makes sense at this time and it is good that Trump wants to abolish it. But almost everything else that the president is currently doing could be easily classified as “bad” or simply “evil.”
Trump has tried to abolish both USAID and the Office of Financial Protection of the consumer while allowing Elon Musk and his dishonest accident of accidents of 20 and many fools to loot federal agencies to obtain highly sensitive data. According to the reports, Musk is setting his sight in Social Security and Pentagon below. And although the courts have officially paused in many of Trump’s extreme actions, there is still no indications that a court order will prevent Musk from doing only what he wants.
Meanwhile, the Democrats are “struggling” with many difficult words but very little action. And some democratic leaders do not even bother with difficult words, instead insist that they have no real power.
“What leverage do we have?” The leader of the democratic chamber minority, Hakeem Jeffries, said in a Viral video clip During the weekend. “They control the camera, the Senate and the Presidency. It is his government. “