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Content about Economy of the United States

November 30, 2011

WASHINGTON — New independent poll results from Luntz Global confirm Americans’ overwhelming preference for the dollar bill over the dollar coin, their disapproval of legislation seeking to abandon the greenback, and urging for Congress to focus on finding real solutions to the country’s debt problems.

The poll reported 83% of Americans favored keeping the dollar bill over the dollar coin (800 Americans nationwide were surveyed), according to a press release from the ad hoc group Americans for George. Convenience and national pride were among the reasons people preferred the dollar bill, with 97% of respondents saying the bill was more convenient for them to use than a coin.

The survey also found that a majority of Americans, 64%, do not support legislation, such as the Currency Optimization, Innovation and National Savings (COINS) Act, to switch from the dollar bill to the dollar coin and view it as an impractical proposal to cut government spending.

In a report issued earlier this year, the Government Accountability Office (GAO) estimated that replacing the dollar bill with the dollar coin would provide a net benefit to the government of approximately $5.5 billion over 30 years.

February 14, 2011

CATSKILL, N.Y. — Someone really cleaned up at the Clothespin Laundromat here. A Powerball player recently hit a $122 million jackpot on a ticket purchased at the store. The odds of winning the Powerball jackpot were 1 in 195 million, according to a New York Lottery spokesperson.

The winner has just come forward, however, his identity won’t be revealed until the lottery holds a press conference. Lottery jackpot winners are required by New York law to have a press conference and photo shoot to announce their winnings.

November 5, 2010

CHICAGO — If given the choice, would you replace the dollar bill with a dollar coin? How would this move affect your laundry, now and in the future? While this switch may be inconvenient for a number of reasons, would you support it if you discovered it could save this country a sizeable amount of money on a yearly basis?

When it comes to “firing up” laundry owners, few subjects can match the dollar coin for the amount of passion it invokes.

STRIVING FOR ACCEPTANCE