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rich hilts

King Cronyism The Absurd - Let Them Eat Waivers - 0 views

shared by rich hilts on 24 Jan 11 - No Cached
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    When is enough enough? When does the helping of friends stray into the scratching of backs in an improper or illegal manner? Questions will abound over the course of many political "regimes" from local to Federal, but this seems particularly telling considering the already touchy nature of the subject matter - Health Care Waivers. Is this illegal cronyism - you tell us!
Chuck Bartok

Should We Retire the One Dollar Bill? - 0 views

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    Rep. David Schweikert (Ariz.) and two other House Republicans - including supercommittee co-chairman Jeb Hensarling (Texas) - introduced legislation last week aimed at retiring the paper dollar.... According to the proponents the retirement of the US One Dollar Bill could save save billions of dollars over the next few decades by transitioning to a one dollar coin in four years, or as soon as $600 million worth of dollar coins are in circulation. Rep. Schweikert said, "Metal coins would last longer and therefore save money. But two Massachusetts Lawmakers, Scott Brown and John Kerry oppose the suggestion on ground it costs too much too produce the coins.... But it seem to me they would last longer...isn't that what smart business buy, products that are Value Purchased not cost purchased. It is also interesting also The Dollar Coin Alliance, which favors the House bill, said the two Massachusetts senators have a specific reason for wanting to protect the dollar bill, arguing that the Senate bill is aimed at protecting Massachusetts-based Crane & Co., the sole-source supplier of paper used to produce dollar bills. So what else is NEW! More cronyism? A poll conducted this year for the Dollar Coin Alliance showed 65 percent of Americans favored the move to a coin, and that more supported it once they realized the savings associated with the switch. And other countries who have done same have benefited overall in the Cost of Producing currency. "Other countries that have replaced a low-denomination note with a coin, such as Canada and the United Kingdom, stopped producing the note," the GAO said in March. "Officials from both countries told GAO that this step was essential to the success of their transition and that, with no alternative to the note, public resistance dissipated within a few years."
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    Always appreciate comments on the blog posts
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