Sunday, September 28, 2008

$50 Million To Mint $36 Million In Change...No Wonder We're Screwed

Ugh… and what the hell is this?

The U.S. Mint proudly unveiled designs for four new pennies that will be minted in 2009. To “honor” Abe Lincoln’s 200th birthday, the U.S. government has opted to spend millions of dollars redesigning a coin that is -- literally -- no longer worth the metal it’s minted on. Poor Honest Abe, a man born in poverty and champion of social innovation, must be tumbling in his dusty grave.
According to the Treasury, 3.6 billion pennies have been minted so far this year -- $36 million in pocket change that cost $50 million to mint.

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