DOGE TARGETS THE PENNY PROBLEM: WHY MINT MONEY THAT LOSES MONEY?
DOGE's first revelation exposes an absurd inefficiency: The U.S. Mint produced 4.5 billion pennies in 2023 - each costing over 3 cents to make.
This negative-return manufacturing cost taxpayers $179M last year alone.
Even worse?
These pennies rarely circulate.
With 240 billion pennies already sitting idle in American homes (about $7.24 per person), we keep minting replacements for coins nobody uses.
It's exactly the kind of bureaucratic waste DOGE was created to eliminate.
Canada solved this by eliminating their penny in 2013.
Meanwhile, U.S. Treasury Secretary Yellen had the legal power to end penny production but wouldn't even discuss it - proving why we need DOGE to tackle these "small" inefficiencies that add up to massive waste.
Source: NY Times Magazine, @elonmusk
DO NOT BELIEVE THE MEDIA
The media is misleading you. Elon Musk never did a Nazi salute. Watch the full video: He simply gestured and said, “Thank you, my heart goes out to you.”
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