“American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what’s best for them either. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years.”
Well, let’s do some math…
In 2012, the federal government is spending around $7.2 million per minute. (3.796 trillion / 365 days / 24 hours / 60 minutes)
“replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years.”
Therefore, savings of 4.4 billion over 30 years will pay for 20 minutes of government spending each year. (4.4 billion / 30 years / 7.2 million)
“Moving to multiplated steel for coins would save the government nearly $200 million a year, he said.”
Savings up $200 million per year will pay for 27 minutes of government spending each year. (200 million / 7.2 million)
All in all, by implementing a plan that may inconvenience millions of Americans, the government can easily fund a solid 47 minutes of its continued spending spree each year.
Miguel: [sarcastically] Great. Sensational. That’s your plan, is it?
Tuilo: That’s… pretty much it, yeah.
Miguel: [delighted] Well, I like it! So how do we get on deck?
- The Road to El Dorado, IMDB, http://www.imdb.com/title/tt0138749/quotes?qt0336645
