By Bob Gaydos
So this is a bit awkward.
With all the mean, stupid, harmful, unconstitutional stuff being thrown at the wall each day by Trump, there is actually one, less outrageous proposal, with which I agree. Getting rid of the penny.
Two weeks shy of 12 years ago, I wrote a column calling for exactly the same thing for exactly the same reason Trump gave -- it costs more to mint pennies than they are actually worth. I said they were obsolete. I wrote: "It's simple: The penny can't buy anything today. It is a nuisance, forming colonies on dresser tops and deli counters. Merchants routinely round their prices to avoid it. And it costs 2.41 cents to mint every penny. That's a hefty loss for a nation struggling with a debt ceiling."
The cost of a penny has since risen to 3.69 cents, according to the Mint, which issued three billion pennies last year for a loss of $85.3 million. The Mint also figures there were about 250 billion pennies in circulation last year. Well, many of those were still on dresser tops or in cups on deli counters. And merchants still look to round their prices (up) to avoid pennies.
So, if Elon and Donald are serious about cutting federal spending, there's an easy, if not spectacular way, to start. There would still be plenty of pennies in circulation for collectors and merchants could continue to round up for cash customers until the pennies disappear. That's what Canada did 11 years ago.
But, as typical with Trump, there's a problem.
He said he has ordered Treasury Secretary Scott Bessent to stop producing new pennies to help reduce government spending. The problem is it doesn't work that way. The president doesn't control the minting of coins, Congress does. Sound familiar? This means Trump would have to actually work with both parties in Congress to get a bill to manage this relatively minor budget cut.
Let me rephrase that. He'd have to order Republicans in Congress to make it happen and, while they have been obedient to their leader in terms of not criticizing his haphazard attempts at "budget cutting" or rejecting his Cabinet nominations, today's Republican Party is skilled at killing Democrat-proposed bills, but has proven to be pathetic at actually passing meaningful legislation.
That's because, like the penny, it too is obsolete. I said so in the same column relegating the penny to the history books. I wrote: "The Republican Party: Talk about obsolete. The 21st century version of the party of Lincoln has been hijacked by haters, nay-sayers, evangelists, wealthy bullies and Flat Earthers. Anything, anyone, any idea that does not fit their narrow view of life is automatically a threat and subject to loud assault, not debate. It has no interest in working with others to better life for all Americans. It has no interest, in fact, in working with anyone who disagrees with its views."
That was more than three years before Trump rode down that escalator and the party has become much worse with him as its leader-who-cannot-be-questioned. As a partner in a two-party system, the GOP has lost all credibility.
I also wrote: "Few Republicans talk about changing the party's stances on some issues, such as immigration, abortion or gay marriage. Those who do are subjected to attack, ridicule and phony allegations. In fact, facts have little currency in the current GOP. The best thing would be for the Republicans with a brain, a heart and a sense of obligation to actual governing to form a new party."
That option remains, but I don't know if Liz Cheney wants the aggravation. She could try Trump's approach -- throw a bunch of stuff at the wall and see if anything sticks. Or she could ask around quietly among possibly like-minded Republicans: Penny for your thoughts.
Best hurry while they still remain. The pennies and the pols.
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