Despite this, the U.S. Mint keeps churning out a billion pennies a month.” The complete waste of time and money spent producing these pennies just to be forgotten in the couch cushions is astounding. If every penny is 1.8 cents to produce than the government is giving away 800 million USD every single year. The same article says, “...10 million new useless items punched out by government workers who could be more usefully employed tracking counterfeiters.” In other words, the government isn’t only wasting money on penny production but, also a working staff. U.S. currency could be more protected if it wasn’t for the pesky penny. To sum up, if people took the time to research how the penny was affecting us as a nation we could be closer to the
The penny cost 2x as much as it really is. 700 million dollars isn 't worth the one cent piece, we could be using this money on charity or something else important. Though the penny has been part of the U.S for more than a hundred years, it should not be minted anymore because of the high production cost and other countries such as canada don 't even bother using them at all. People argue that the penny should stay because of its long time and history with the US, but what they don 't know is that the penny cost more than 2.4 cents per penny. “The US Mints budget in 2010 was 27.4 million dollars in penny production”(source 1).
Don’t you hate when your taxes go to making useless pennies or when they take up space in a mess. Even though people think pennies are helpful they are not because they cost 2.41 to make just one. For years the Unites States have been discussing if we should get rid of the penny. Pennies shouldn’t be made in the United States. Source 1 states, other countries have got rid of the penny and were successful.
For many years people have been fighting to eliminate pennies for many reasons. One of the most popular reasons to eliminate pennies is that pennies cost more to produce than the actual worth of the penny. “The united States government lost $60.2 million on production and distribution of pennies in 2011,” (Sommer) wrote, source #1. (Sommer) also wrote that Each zinc and copper coin cost 2.41 cents to produce and distribute”. Meanwhile a penny is only worth 1 cent.
These millions of people are not only taking a big risk and not obtaining health insurance, when they file their taxes in April they will have to pay a fee for each month and each dependent without coverage. These fees can be hundreds of dollars putting them even more in debt. The Affordable Care Act has helped millions of people and there are many great features to it. But, Obamacare is not enough and it is not the solution. Politicians need to continue to come together to find a happy medium.
Pennies cost more than they 're worth, and the United States should cease production to due this fact. According to Source #1, the U.S. penny costs 2.41 cents to produce one penny. That 's is over two times of what it can pay for. In 2011, the governments taxpayers lost $60.2 million on the production and distribution of pennies. The year prior— 2010— taxpayers lost $27.4 million, and in 2009, they lost $19.8 million (Source #1).
There was approximately $12 million in foreign debt, $44 million owed to the various Colonies by the Second Congress, and roughly $25 million in state debts (Economic state, 2015, para. 3). There was no mechanism in place to help the individual states pay off their debts. Other aftermaths included losing protection of British ships as the Americans attempted to resume world trade, and an unwillingness on the part of the British to let Americans trade anywhere in their still formidable trade empire. All of this coupled with a rapid decline in demand of wartime products led to widespread inflation and unemployment in the early years of the
One common myth that society has about poverty is that those who live at poverty level are uneducated individuals, this is just not true. In 2012, approximately 1.1 million people who made less than $25,000 a year, worked full time, and were heads of households has a bachelor’s degree (Eichelberger, 2014). Another common myth is that people who live at poverty level and receive assistance are bankrupting the nation, again this is another myth. In 2012, total welfare funding was 0.47% of the federal budget (Eichelberger, 2014). There are some in the society that even believe that we as a country are winning the war on poverty and that there are less American’s living at or below the poverty level.
Getting corrective dentistry and dental treatment in a few sections of the world, particularly in rich nations of the created world, can be amazingly costly, paying little respect to whether you have entry to any type of dental scope. In a review (1999-2004), it has been uncovered by the National Health and Nutrition Examination Survey (NHANES) that 3.75% of grown-ups between the age of 20 and 64 have no remaining teeth. Starting 2010, almost 45 million Americans needed dental protection, as indicated by the US government office CDC's insights. Numerous center wage and uninsured individuals maintain a strategic distance from their dental specialist arrangements because of high expenses than agony. In any case, deferring required dental treatment or
Can poverty be eradicated? Poverty is lack of money to the point that the individual cannot afford their basic needs. There are two types of poverty, which are absolute and relative. Absolute poverty is lack of basic needs for a long period of time that puts your life in danger, which opposes with relative poverty, which covers the vital and biological needs like food, clean water, and basic housing. (poverties.org, 2011) In my opinion, I think poverty can not be eradicated because there are forty percent of people who are at poverty level, which means 2.8 billion people.