Pennies don’t make cents:
-It costs TWO cents to make a penny (FY12). We lose a cent, per cent!
-Treasury minted 5.8 billion pennies, losing $58 million. Penny foolish!
-The half-cent was eliminated in 1857. Adjusted for inflation, that “unnecessary” coin would have 12 cents of buying power today
-Penny for my thoughts? At minimum wage that’s not worth 5 seconds of my time! For a quarter we can talk.
Centsus data shows consumers fear change. Smart people know this is non-cents; the penny isn’t penny wise.
It’s no tribute to Lincoln that his coin is a novelty run over by trains. Reorient the tribute: With $60M/yr establish “Lincoln Penny For Your Thoughts” scholarships at the land-grant universities established by President Lincoln in 1862.
Stand for the Common Cents and Change needed.