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December 4, 2012

Could the dollar bill be on its way out?

A branch of the U.S. government is pushing for a dollar coin instead

(Continued)

According to a survey conducted by the research firm Lincoln Park Strategies, 70 percent of those surveyed wanted the dollar bill to remain.

Additionally, 73 percent said the dollar coin is completely unnecessary, 67 percent said the dollar bill is preferable because it’s easier to carry around, and 60 percent said the dollar bill should remain because it’s a better symbol of American tradition and pride than the coin.

The president of Lincoln Park Strategies, which is based in Washington, D.C., says the survey findings were conclusive, and that most of the participants had very strong feelings associated with the dollar bill and some felt even stronger about what those in government should be spending their time on instead.

“Sentiments against the dollar coin are strong across Wyoming and the rest of the country,” Stefan Hankin said, as the survey was conducted in that part of the country.

“Our research shows people’s resistance to the dollar coin spans from everyday usage to the feeling that politicians should be spending their time on more important issues.”

But there are still some in Washington who feel it’s not the consumer who should decide what forms of currency stays and goes, and those in government should be the ones to make the decision on what changes need to be made to lower the national debt.

“Change can be difficult,” said Sen. Mike Enzi, of Wyoming in an interview earlier this year. “But doing things as we’ve always done has contributed to our debt. We’ve got to latch on to any reasonable handhold we can find to climb out of this hole.”

Dollar bill advocates

But others like Randy DeCleene, of the dollar-bill advocate group Americans for George, agree that making changes to lower the debt is needed, but removing the dollar isn’t the way to do it.

“The federal budget and economy are facing hard times and this is when we need our government representatives to stand up for programs that will make a difference we need,” said DeCleene. “Leave the dollar bill alone and move on to more important issues.”

Story provided by ConsumerAffairs.

 

 

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