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Donald the Penny Pincher [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-02-10
I literally found Donald Trump's post on Truth Social 2 minutes after he posted it. During Super Bowl LIX. I'm going WTF?!? It's the Super Bowl. You've got a Skybox. Bored because the Eagles have a lopsided score?
Did he just have this ready to send, or did he thumb this in sitting up there?
It's an instant classic post.
"Far too long the United States has minted pennies which literally cost us more than two cents."
I was just waiting for him to put in his two cents worth.🤣
This is from a man who has no cents.🤑
Why not make a two cent piece? That's a decimal fraction that works. Things could be priced that way. Just make it $4.98 instead of $4.99. Three cent piece wouldn't work.
Here's what your problem is. The current penny is zinc coated with copper. That's why it actually costs 3.69 cents to make a one cent coin. If steel goes for 36 cents a pound, then you can make a penny for less than a penny. It'll just be shiny steel instead of looking like copper which is only a coating. A solid single metal is so much simpler than clad coins. You can buy the the steel from U.S. Steel, and everybody is happy.
I'll bet you that nobody has talked to Trump about this, other than knowing that the current cost of a penny is more than a penny. He doesn't come up with a solution, he just gets rid of the problem by not dealing with it anymore. Pure Trump.
"This is so wasteful!" I just solved it for you. I would be a much better Secretary of the Treasury than Bessent. I know how to solve problems in finance. Obviously, Bessent doesn't.
"I have instructed my Secretary of the U.S. Treasury to stop producing new pennies." The US Mint. You need to tell the US Mint to stop making pennies. Yes, the Mint is a Department underneath the Treasury, but it's the US Mint that makes all the coins. Cut out the middleman. Go straight to the Mint. But, now you don't have to because I solved the problem for you. Everybody gets to keep their job, too.
And then he thinks he's cute.
"Let's rip the waste out of our great nations budget, one penny at a time." Nation's, not nations, unless you're talking about Panama, Canada, Greenland and Gaza.
The United States Mint made 3.23 billion pennies in 2024. At 3.69 per penny, it cost $119,187,000 to make them. If you make it out of just steel, that would be at most, $32,300,000. Look at how much money I saved. Not only that, but a penny is worth more than a penny.
Trump should give me a penny for my thoughts.🤑
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