Not only is the government losing money from the missing two-thirds, but it is also wasting money on workers. These workers would be more usefully employed tracking counterfeiters, instead of making 10 million pennies a day (Source C). There are areas in our government that could use more funding. If the penny goes, we will have extra money to keep our government up and
Pennies, for a majority of people, are just little worthless pieces of mass that are left basins collecting dust, being thrown into water fountains for luck, and at times are refused at supermarkets because of how little they are worth. Along with what the average American does with their pennies, the smallest United States currency is costing us more than seven million dollars a year, in the retail business alone. The Department of Defence doesn’t think that pennies are even worth it. As stated by Chris Ward in paragraph one of Source #2, “Pennies are too heavy and are not cost-effective to ship.” As well as, according to Source #2, “The U.S. Congress is considering eliminating the penny from the United States currency system.” We believe that pennies should be eliminated from U.S. currency because they cost more to make than they are worth, a large number of countries have already rid of the penny with great success, and there is already a system in
–contributor of Forbes- says ‘communication can mean the difference between your business succeeding or failing’ what implies that companies are not likely to trade in inner Spain. If unemployment rates are high, the families will not settle in these rural areas. It is kind of a cycle; schools are closing because companies do not produce in the Plateau because there are not good roads to communicate. According to this idea, the lack of infrastructures is causing health, demographic and economic problems in the
The individuals or groups who are against consumerism are said to be unpatriotic not only by the fellow citizens, but by the government. When an interview is conducted on the subjects, the amount of time and money they claim to spend on shopping is surprising. A large number these people use credit cards, where half of them are not able to pay every month. Cases of bankruptcy increase as citizens are more consumed with spending other than saving. Finally, the film Freedom Fries: And Other Stupidity We’ll Have to Explain to Our Grandchildren tries to offer solutions to the negative methods used by the government.
They believed that the New Deal didn’t do enough, but other letters argued that it wasn’t enough: “government spending … has reached a point where it is creating a mountainous debt which future taxpayers will have to shoulder … a large group of people [would] much rather ‘get along’ on what they receive from the dole than to [work],” (“Four Views of the New Deal”). Due to the large variance and lack of a commonality in the nature of people’s complaints about the New Deal, there wasn’t any change that FDR could make that would keep everyone happy; he could only continue on his current reform
Housing values have plunged and people are losing their shirts. Yes people did buy in the heat of the market. And now the crash has caused their values to plummet. I know you've heard this over and over, but it happens to be the brutal truth: for a large number of those deals the people should have never have been allowed to buy the homes, and 'creative financing' should have been suspect. No money down deals, loans such as pay option ARM's (where you paid a smaller payment with the interest charges adding to the balance on the back end) seemed too good to be true.
classroom So how would they get the money to build more classrooms i don 't think that a bake sale will cover that one nor will a car wash of epic proportions so how will they get the money i mean the state 's not going to pay for that would leave the state broke starting the process all over again meaning the college would have to reinstitute the pay for your class policy and but this time the cost would be way higher and no one would be able to attend the college meaning the college can 't pay the state back and then the college gets shut down then people who attended the college would have to find another college and then have to pay the dorm tuitions and that would leave them in
This change will never be possible, if every year millions of bright young students cannot afford to go to college. As, million more leave school badly in debt. We need to find a way to fix this so that we do not abatement as a country. Because I’m for sure tried of sitting back and noticing other countries like Germany and Sweden gaining a better economy then us. As our economic becomes fragile, because we are about 1.2 trillions in students loans.
The magic of compounding works harder on your money the longer you save; so as you spend each dollar today, visualise the millions that you could be giving up tomorrow. I 'm Too Old; It 's Too Late For Me To Save This is a particularly tough case; it is true that the later you begin to save, the harder you have to work to build a nest egg. Financial guru and author Jean Chatzky explains that you first have to change your money mindset. "Give yourself a second chance at attaining wealth, and commit to doing what it takes to get there," Chatzky asserts. If you are over 40 and just recognising the importance of saving, you need to save as much of your income as possible, find ways to earn more money, consider delaying your retirement age, and become prudent with your spending in order to make your money last longer.
On average the Federal Mint spends 1.4 cents for every penny that they create. This doesn’t seem like a big deal, but considering that there are 13 billion pennies created annually in the US the cost for creating them gets very large very fast. Making them cost more to create than their actual value. Eliminating that cost would allow the budget spent on the Federal Mint to be reduced and there would be more cash in the Federal Budget to spend on other things. One argument against the elimination of the budget is the fact that it will alter the way American citizens are able to pay for things in a negative way.
The USA is not a perfect place, and it isn’t even close to becoming on. With the Utopia act we’ll combat three areas of importance: Tax Rates, the absurd federal budget, and housing for the homeless. The ultimate premise of the bill is to get America in a Surplus, to a point where income is more than spending. We haven’t been in a surplus in almost 15 years, and every year things become all the more distraught. The major contributor of which is the wasteful budgeting of the Government.
One may use it, but never consider the importance of it. With the changing economy, it has become a useless coin. Pennies should be eliminated for the following reasons: They are not worth minting and their value has dropped to insignificance in today’s society. Pennies are just no longer worth making. It is a coin that costs more to
“The time has come to abolish the outdated, almost worthless, bothersome, and wasteful penny,” says William Safire. The coin today is not worth what it was before, and very few items can be purchased with the penny. Also, the cost to produce and ship the penny through the country cost more than it is worth. Reason one as to why the penny should be eliminated because in today 's world nothing can be purchased with a penny. According to William Safire, in 1950 a penny would buy what a dime would buy today.
In the story about Johnny and his habits of life, one will learn that he is not considered a “bespoke” because he does not spend the money on customized suits. It is proven that people will buy certain pieces of clothing or a pair of shoes just to have the logo on it. One will also learn that most Americans in this generation will never become wealthy because they are wasteful. Many people do not have the discipline to stop spending money on wasteful things. Just like with a credit card, one is not considered wealthy if they own a credit card.