Posts Tagged ‘penny’

Trump Gets One Thing Right, Almost

Sunday, February 16th, 2025

By Bob Gaydos

Obsolete

Obsolete

   So this is a bit awkward.

     With all the mean, stupid, harmful, unconstitutional stuff being thrown at the wall each day by Trump, there is actually one, less outrageous proposal, with which I agree. Getting rid of the penny.

        Two weeks shy of 12 years ago, I wrote a column calling for exactly the same thing for exactly the same reason Trump gave — it costs more to mint pennies than they are actually worth. I said they were obsolete. I wrote: “It’s simple: The penny can’t buy anything today. It is a nuisance, forming colonies on dresser tops and deli counters. Merchants routinely round their prices to avoid it. And it costs 2.41 cents to mint every penny. That’s a hefty loss for a nation struggling with a debt ceiling.”

      The cost of a penny has since risen to 3.69 cents, according to the Mint, which issued three billion pennies last year for a loss of $85.3 million. The Mint also figures there were about 250 billion pennies in circulation last year. Well, many of those were still on dresser tops or in cups on deli counters. And merchants still look to round their prices (up) to avoid pennies.

      So, if Elon and Donald are serious about cutting federal spending, there’s an easy, if not spectacular way, to start. There would still be plenty of pennies in circulation for collectors and merchants could continue to round up for cash customers until the pennies disappear. That’s what Canada did 11 years ago.

      But, as typical with Trump, there’s a problem.

      He said he has ordered Treasury Secretary Scott Bessent to stop producing new pennies to help reduce government spending. The problem is it doesn’t work that way. The president doesn’t control the minting of coins, Congress does. Sound familiar? This means Trump would have to actually work with both parties in Congress to get a bill to manage this relatively minor budget cut.

      Let me rephrase that. He’d have to order Republicans in Congress to make it happen and, while they have been obedient to their leader in terms of not criticizing his haphazard attempts at “budget cutting” or rejecting his Cabinet nominations, today’s Republican Party is skilled at killing Democrat-proposed bills, but has proven to be pathetic at actually passing meaningful legislation.

      That’s because, like the penny, it too is obsolete. I said so in the  same column relegating the penny to the history books. I wrote: “The Republican Party: Talk about obsolete. The 21st century version of the party of Lincoln has been hijacked by haters, nay-sayers, evangelists, wealthy bullies and Flat Earthers. Anything, anyone, any idea that does not fit their narrow view of life is automatically a threat and subject to loud assault, not debate. It has no interest in working with others to better life for all Americans. It has no interest, in fact, in working with anyone who disagrees with its views.”

     That was more than three years before Trump rode down that escalator and the party has become much worse with him as its leader-who-cannot-be-questioned. As a partner in a two-party system, the GOP has lost all credibility.

      I also wrote: “Few Republicans talk about changing the party’s stances on some issues, such as immigration, abortion or gay marriage. Those who do are subjected to attack, ridicule and phony allegations. In fact, facts have little currency in the current GOP. The best thing would be for the Republicans with a brain, a heart and a sense of obligation to actual governing to form a new party.”

      That option remains, but I don’t know if Liz Cheney wants the aggravation. She could try Trump’s approach — throw a bunch of stuff at the wall and see if anything sticks. Or she could ask around quietly among possibly like-minded Republicans: Penny for your thoughts.

    Best hurry while they still remain. The pennies and the pols.

                                    ***

(Full disclosure: That column also called cursive writing obsolete and urged abandoning it. I have since retracted that position as premature and dumb.)

Three Things That are Obsolete

Wednesday, February 27th, 2013

Obsolete

By Bob Gaydos

When, in the course of human events, certain things outlive their usefulness, it is important, perhaps even necessary, that society scrap them. Send them to the landfill or the museum. Say bon voyage, adios, good riddance. Thanks, but no thanks.

It strikes me that three things fall into that category today in America:

  • The penny: A penny for your thoughts? Really? This blog is free, but otherwise my thoughts are going to require three figures (no decimal points). It’s simple: The penny can’t buy anything today. It is a nuisance, forming colonies on dresser tops and deli counters. Merchants routinely round their prices to avoid it. And it costs 2.41 cents to mint every penny. That’s a hefty loss for a nation struggling with a debt ceiling.

Treasury Secretary Timothy Geithner announced last year that the government would start using cheaper materials in pennies this year. What little copper was still there would likely disappear and there might be less zinc. He said this would save abut $75 million a year. Scrapping pennies altogether would save the government more than twice that amount and make life much more manageable for cashiers. (Nickels, by the way, are in the same category.) Rumor has it that some new pennies have arrived and they are, well, funky. Kind of light and not necessarily official looking.

I’m not sure who it is that still wants this money-losing money to be minted, There are surely plenty around to satisfy collectors. For comparison, Canada, which scrapped its penny Feb. 4, estimates there are 6 billion of them in circulation and it will take about four years for them to disappear now that minting has ceased. Merchants are rounding up or down until that time for cash customers. Sounds doable, eh?

  • Cursive writing: Or at least teaching cursive writing in elementary school. Before you traditionalists get your drawers in a knot, think about it. When was the last time you used true cursive, not some amalgam of printing and scribbling that was barely legible — by you? The days of “slide, slide and glide” (capital I, remember?) have been replaced by txtng. In electronic communications, neatness is automatic. It’s spelling  that suffers. Kids hate learning cursive. Teachers probably would rather be teaching writing well, not neatly.

There will always be people who will be able to write cursively, just as there are talented folks who can do calligraphy. But I have gone from cursive to manual typewriter, to electric typewriter, to laptop and smart phone. Each change made writing more efficient, which is the key. And think of the poor guy leaving memos on cave walls. What he would have done for papyrus and a pen?

Cursive is no longer required as part of the Common Core State Standards, but states have been slow to drop it. Hawaii, Indiana and Kansas have. New York leaves it up to the school district to make the decision. Folks, if your district teaches it, ask them to stop. You’d be better off learning about LOL than teaching your kids to write a capital Z.

  • The Republican Party: Talk about obsolete. The 21st century version of the party of Lincoln has been hijacked by haters, nay-sayers, evangelists, wealthy bullies and Flat Earthers. Anything, anyone, any idea that does not fit their narrow view of life is automatically a threat and subject to loud assault, not debate. It has no interest in working with others to better life for all Americans. It has no interest, in fact, in working with anyone who disagrees with its views.

In the last presidential election, women, Latinos, African Americans, gays and young people favored the Democrat, Barack Obama. The whiz kids of the Grand Old Party are now trying to figure out how to buy those votes or change people’s minds. Few Republicans talk abut changing the party’s stances on some issues, such as immigration, abortion or gay marriage. Those who do are subjected to attack, ridicule and phony allegations. In fact, facts have little currency in the current GOP.

The best thing would be for the Republicans with a brain, a heart and a sense of obligation to actual governing (I know they’re out there) to form a new party. Leave Karl Rove, Roger Ailes, the Koch brothers and the Tea Partiers the ruins of the day. We don’t need them anymore.

bob@zestoforange.com