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YOUR THREE CENTS: Is it time to replace the dollar bill with the dollar coin?
Another push to replace the dollar bill with the dollar coin.
A report released by a former deputy assistant Secretary of Treasury says the switch could save taxpayers 13-point-8 billion dollars over thirty years.
Aaron Klein says it costs 5 cents to make the dollar bill.... and 18 cents to make the dollar coin.
But the bill lasts less than five years in circulation, while the coin lasts for thirty years.
Bill Christian, Director of Government Affairs for Council for Citizens Against Government Waste, says it's just the latest evidence that it's time to make the switch.
The nonpartisan Government Accountability Office has said that replacing the $1 bill with a $1 coin would save hundreds of millions of dollars annually.
The United States is one of the few western nations still using paper dollars.
And last month, a bipartisan group of senators reintroduced the Currency Optimization, Innovation, and National Savings Act -- or COINS Act.
The group says with our nation's debt now standing at $16.8 trillion, congress must look at every area of the federal government to save money.
Is it time to replace the dollar bill with the dollar coin? Tell us what you think, you an go to Facebook from here right now to vote.