Comment Here's My Formula for U.S. Currency (Score 1) 943
1. Withdraw the penny, nickel, paper dollar bill, 2 dollar bill, and 5 dollar bill from circulation;
2. Introduce 2 and 5 dollar coins and a 500 dollar bill;
3. Substantially increase production of the dollar and half dollar coins;
4. If the Republicans in Congress fail to raise the debt ceiling without conditions, the U.S. Mint would issue one or more 1 trillion dollar coins which are deposited with the Federal Reserve. These coins would feature the likeness of former President Ronald Reagan on one side and a quotation from the 14th Amendment to the U.S. Constitution on the other: "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."
Casualties in the withdrawals would be Lincoln (penny and 5 dollar bill), Jefferson (nickel and 2 dollar bill), and Washington (1 dollar bill). Consequently Jefferson would appear on the new 2 dollar coin, and Lincoln would appear on the new 5 dollar coin. Washington already appears on the quarter, and he'd stay there. The dime (FDR) and half dollar coin (JFK) would also remain the same. The presidential series of dollar coins would continue, but the existing Sacagawea dollar coin would be issued concurrently and thereafter as planned. The new 500 dollar bill would depict Martin Luther King on one side and the Apollo 11 Moon Landing on the other. It would also be physically larger than the other denominations, and it would be distinctly, tastefully, vibrantly multicolored. Hamilton would remain on the 10 dollar bill, Andrew Jackson on the 20 dollar bill, Grant on the 50 dollar bill, and Franklin on the 100 dollar bill.
2. Introduce 2 and 5 dollar coins and a 500 dollar bill;
3. Substantially increase production of the dollar and half dollar coins;
4. If the Republicans in Congress fail to raise the debt ceiling without conditions, the U.S. Mint would issue one or more 1 trillion dollar coins which are deposited with the Federal Reserve. These coins would feature the likeness of former President Ronald Reagan on one side and a quotation from the 14th Amendment to the U.S. Constitution on the other: "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."
Casualties in the withdrawals would be Lincoln (penny and 5 dollar bill), Jefferson (nickel and 2 dollar bill), and Washington (1 dollar bill). Consequently Jefferson would appear on the new 2 dollar coin, and Lincoln would appear on the new 5 dollar coin. Washington already appears on the quarter, and he'd stay there. The dime (FDR) and half dollar coin (JFK) would also remain the same. The presidential series of dollar coins would continue, but the existing Sacagawea dollar coin would be issued concurrently and thereafter as planned. The new 500 dollar bill would depict Martin Luther King on one side and the Apollo 11 Moon Landing on the other. It would also be physically larger than the other denominations, and it would be distinctly, tastefully, vibrantly multicolored. Hamilton would remain on the 10 dollar bill, Andrew Jackson on the 20 dollar bill, Grant on the 50 dollar bill, and Franklin on the 100 dollar bill.