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View Diary: Dear President Obama (49 comments)

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  •  In an episode on the West Wing (love that show) (5+ / 0-)

    they had a discussion on it and it was pointed out the strongest advocates are the fans of Lincoln and the state of Illinois where he's from.  Either this is totally a joke from Obama or he really doesn't know the history of the coin.

    I can understand businesses not wanting to deal with pennies (like I think I heard some businesses in NY were doing), they can round down the charges to the nearest nickel and not deal with pennies.  Until/unless taxes are made in nickel increments and pricing isn't done at the $$.99 level, it's not an option to get rid of the penny.  There are more important issues out there, like dollar coins (if you really want to eliminate waste from the Mint).

    •  Round down? You really (7+ / 0-)

      believe they'll round down?

      I'm pretty sure they'd round up.

      I'd advocate for the return of the halfpenny and the tenthpenny, too.  As long as we have to pay increments of a penny in taxes, we should be able to pay the exact amount owed and not some rounded up number. Or the IRS and businesses need to stop charging percentages of pennies or in penny increments.

      All knowledge is worth having. Check out OctopodiCon to support steampunk learning and fun. Also, on DKos, check out the Itzl Alert Network.

      by Noddy on Tue Feb 19, 2013 at 03:35:29 PM PST

      [ Parent ]

      •  Canada stopped producing/using pennies two weeks (3+ / 0-)
        Recommended by:
        ColoTim, chimene, winglion

        ago. Gov't has ordered businesses to round up and down to 5 cents from the midpont on all cash transactions. Cheques, debit and credit remain  to the exact cent.

        I have no answer for the parking lot gleanings point, except that the US is slowly descending, no make that racing fairly quickly in its descent in its inhumanity to its own citizens. I feel deeply for those who value and need  those pennies - that breaks my heart. I see it around me when I am here.

        "...stories of past courage can define that ingredient..... But they cannot supply courage itself. For this each man must look into his own soul." JFK Profiles in Courage " Ontario

        by ontario on Tue Feb 19, 2013 at 09:39:48 PM PST

        [ Parent ]

        •  Canada... but you see, you have to consider this (1+ / 0-)
          Recommended by:
          ontario

          decision in light of WHO IS RUNNING CANADA TODAY!

          Steven Harper, Bush II-Lite and his crazy, Amur'ca-contaminated cohorts, that's who.

          Dropping the penny will be inflationary.

          And how long will it take to decide to drop the nickel, once the penny is gone?  And then the quarter. or should we make the quarter worth 20 cents?

          If you think it costs too much to make traditional pennies, change the material! find a cheaper metal, or make them out of plastic...

          "real" work : a job where you wash your hands BEFORE you use the bathroom...

          by chimene on Tue Feb 19, 2013 at 11:20:07 PM PST

          [ Parent ]

          •  I hear rumblings about the nickel. (1+ / 0-)
            Recommended by:
            chimene

            You are right about Harper. Worse today. New office of Religious Affairs in the Foreign Affairs Dept, plus a 128- page damning report from the Privacy Commissioner crapping gall over the Government refusal to let governement scientists speak to the press or public.

            Pennies were no longer copper, alloy was as cheap as they can get.

            I have wondered iF Tim Horton's, MacDonalds et al have guys with pointy heads and sharp pencils trying to figure out the optimal price for  each item, so they get the majority of sales (CASH) ending up at 3 or 4 cents, (thereby rounded up).

            I guess this would not work because of taxes, multiple quantities, different-sized coffees with donut, muffin instead of donut, etc.

            But I'll bet someone tried somewhere. I'll use credit, debit or cheque to the real penny.

            "...stories of past courage can define that ingredient..... But they cannot supply courage itself. For this each man must look into his own soul." JFK Profiles in Courage " Ontario

            by ontario on Wed Feb 20, 2013 at 06:17:44 PM PST

            [ Parent ]

          •  Bills have gone to a new plastic material , like (1+ / 0-)
            Recommended by:
            chimene

            Australia. Pictures at link. Very hard to counterfeit, many, many techniques and products in bills to make it almost imposssible. Last much longer too, like loonies and toonies vs paper. Now, with experience and hindsight, I would never go back to 1 and 2 dollar bills,

            http://www.google.ca/...

            "...stories of past courage can define that ingredient..... But they cannot supply courage itself. For this each man must look into his own soul." JFK Profiles in Courage " Ontario

            by ontario on Wed Feb 20, 2013 at 06:23:29 PM PST

            [ Parent ]

      •  They tried rounding to the closest 5 cents but (1+ / 0-)
        Recommended by:
        winglion

        then they got in trouble from people who complained to the owners and to the city's business offices, so they agreed to round down if they rounded at all.

      •  Here's a link to the story (0+ / 0-)

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