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Author Topic: SENATE BILL: Kill the Penny Act (Failed)  (Read 1458 times)
Marokai Besieged
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« Reply #25 on: September 17, 2011, 11:14:46 pm »
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What if I don't want to pay $1.50 instead of $1.46??? Tongue

Well personally I don't mind having pennies. Talk to Jbrase. Tongue
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BRTD
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« Reply #26 on: September 19, 2011, 08:55:26 pm »
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Valid idea behind the bill, but the points made by Marokai are valid. I'd support it but prefer a replacement of creating nickels in a cheaper method also be implemented.
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bgwah
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« Reply #27 on: September 20, 2011, 09:19:40 pm »
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After waiting for about a week, I see no amendments have been proposed. So I am bringing this to a final vote.

Please vote aye, nay, or abstain.



Nay.
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Jbrase
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« Reply #28 on: September 21, 2011, 12:15:18 am »
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Aye
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Duke
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« Reply #29 on: September 21, 2011, 12:17:08 am »
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aye
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Snowguy716
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« Reply #30 on: September 21, 2011, 02:23:26 am »
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Nay.

Let's just wait until a dime is worth what a penny is today and then just lob off a zero and call it a day.
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"Above and beyond the question of how to grow the economy there is a legitimate concern about how to grow the quality of our lives."
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« Reply #31 on: September 21, 2011, 02:24:37 am »
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Aye
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When I was in the third grade, I thought that I was Jewish
Because I could count, my nose was big, and I kept my bank account fullish
I told my mom, tears blurring my vision
He said, "Mort, you've loved God since before circumcision"
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officepark
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« Reply #32 on: September 21, 2011, 01:29:41 pm »
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NAY!

What Snowguy said.
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Clearly the solution is to privatize presidential elections.

So, in less than four years, get excited for the 2016 MetLife Financial U Pick The Prez Extravaganza. If you tweet a picture of your completed ballot with the hashtag #ivoted, you could win a trip for two to the inauguration or an iTunes gift card.
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« Reply #33 on: September 21, 2011, 04:04:35 pm »
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Aye
Why?
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« Reply #34 on: September 21, 2011, 08:28:38 pm »
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This makes fiscal sense. It costs more to produce a penny than they are actually worth. There's no reason to continue to make pennies.
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When I was in the third grade, I thought that I was Jewish
Because I could count, my nose was big, and I kept my bank account fullish
I told my mom, tears blurring my vision
He said, "Mort, you've loved God since before circumcision"
Snowguy716
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« Reply #35 on: September 21, 2011, 08:32:59 pm »
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This makes fiscal sense. It costs more to produce a penny than they are actually worth. There's no reason to continue to make pennies.
It would also make fiscal sense to get rid of the defense department.  But it doesn't make "common sense".  Smiley

Penny-wise and pound foolish say I.
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Marokai Besieged
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« Reply #36 on: September 21, 2011, 08:48:29 pm »
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This makes fiscal sense. It costs more to produce a penny than they are actually worth. There's no reason to continue to make pennies.

/sigh

In the short run it makes fiscal sense. In the long run, it is confusing, will tighten the penny supply without any plan on how to deal with prices, and will force the Mint to increase production of nickels, which have three times the loss of creating pennies, erasing most of the savings you get from stopping penny production.

This bill needed amending to something more comprehensive than a shortsighted half-measure. It also makes 'fiscal sense' to get rid of nickels, but you're not doing that, are you?

What's the point of being Game Moderator if few people listen to what I say?
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GM Napoleon
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« Reply #37 on: September 21, 2011, 08:51:05 pm »
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This makes fiscal sense. It costs more to produce a penny than they are actually worth. There's no reason to continue to make pennies.

/sigh

In the short run it makes fiscal sense. In the long run, it is confusing, will tighten the penny supply without any plan on how to deal with prices, and will force the Mint to increase production of nickels, which have three times the loss of creating pennies, erasing most of the savings you get from stopping penny production.

This bill needed amending to something more comprehensive than a shortsighted half-measure. It also makes 'fiscal sense' to get rid of nickels, but you're not doing that, are you?

What's the point of being Game Moderator if few people listen to what I say?

Uh, pennies will still be circulated so the problems you forecast wont occur until down the road. Besides, shouldn't the mint decide what composition to use for coins. It doesn't make sense that legislators would have to determine what specific alloy is used. That's something I'd consider an executive power.
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When I was in the third grade, I thought that I was Jewish
Because I could count, my nose was big, and I kept my bank account fullish
I told my mom, tears blurring my vision
He said, "Mort, you've loved God since before circumcision"
Marokai Besieged
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« Reply #38 on: September 21, 2011, 08:53:46 pm »
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This makes fiscal sense. It costs more to produce a penny than they are actually worth. There's no reason to continue to make pennies.

/sigh

In the short run it makes fiscal sense. In the long run, it is confusing, will tighten the penny supply without any plan on how to deal with prices, and will force the Mint to increase production of nickels, which have three times the loss of creating pennies, erasing most of the savings you get from stopping penny production.

This bill needed amending to something more comprehensive than a shortsighted half-measure. It also makes 'fiscal sense' to get rid of nickels, but you're not doing that, are you?

What's the point of being Game Moderator if few people listen to what I say?

Uh, pennies will still be circulated so the problems you forecast wont occur until down the road. Besides, shouldn't the mint decide what composition to use for coins. It doesn't make sense that legislators would have to determine what specific alloy is used. That's something I'd consider an executive power.

Coin production isn't exactly something that's out of the hands of the Mint either but it doesn't seem to be stopping you.

"The problems that will occur will happen later, so why the hell not?" is not a good rationale, however. If you admit this is flawed, but the problems don't happen until "down the road" why the hell are you passing this? If something is flawed, you don't pass it!
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GM Napoleon
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« Reply #39 on: September 21, 2011, 08:58:51 pm »
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Under the Constitution, the Senate is given the power to "establish coin and currency". We have the power to determine what the currency and coin we use will be. The executive, then, must act. So, whoever is determining how these are made, should make nickels more cost effective.
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When I was in the third grade, I thought that I was Jewish
Because I could count, my nose was big, and I kept my bank account fullish
I told my mom, tears blurring my vision
He said, "Mort, you've loved God since before circumcision"
Senator North Carolina Yankee
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« Reply #40 on: September 21, 2011, 09:45:08 pm »
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Nay

It is a shame because I really liked the concept. It needed modification which it didn't get.
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He's BACK!!! His Time Has Come Once Again! Now We're All Gonna Die! No One is Safe From His Wrath!



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BRTD
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« Reply #41 on: September 21, 2011, 10:09:56 pm »
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I echo NCY's concerns.

Nay
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bgwah
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« Reply #42 on: September 21, 2011, 10:10:32 pm »
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Current tally: 3 ayes, 5 nays

This has enough votes to fail. Senators have 24 hours to change their votes.
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Fuzzybigfoot
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« Reply #43 on: September 22, 2011, 01:10:52 pm »
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Nay
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bgwah
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« Reply #44 on: September 23, 2011, 01:11:07 am »
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With 3 ayes and 6 nays, this bill has failed.
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