What the Penny Can Tell Us About Our Government’s Spending Problem
I was reading a survey on the US penny and it dawned on me what something as simple as the penny can tell us about the financial condition of this country. The survey was discussing how people viewed the penny. The survey determined that 43% of woman said that we should get rid of it and 62% of men said that we should get rid of it.
Is it even wise to keep the penny considering that it costs 2.4 cents to make every 1 cent penny? Think about that for a moment. 2.4 cents to make a 1 cent penny. President Obama once said this about the penny.
“This is not going to be a huge savings for government. But anytime we’re spending more money on something that people don’t actually use, that’s an example of something we should probably change,” he said. “One of the things that you see chronically in government is it’s very hard to get rid of things that don’t work so that we can then invest in the things that do.”
The penny illustrates why we have such financial problems in this country – We don’t know how to manage the small things and as a result we don’t know how to manage the big things.
President Obama, since when is saving 55 million dollars not a “huge savings”? Yes, it costs the federal government 55 million dollars to produce the penny each year. When does it make sense to produce something worth a penny that costs 2.4 pennies to reproduce?
I realize that when we are talking trillions of dollars, 55 million is not a large number. However, at one point in the history of the country, 1 billion was a lot of debt and a 55 million dollar savings is significant. Just think if you took in all of the government waste of 100 million here, 500 millions here, and added it up, we would have some real savings. However, each one of those sums by themselves don’t put a dent in a trillion dollars. Thus the mentality is unless that number by itself is a “huge savings” or cost it doesn’t matter. The problem is that if you have hundreds of politicians thinking the same way; collective thinking is what is bankrupting our country.
So through the years politicians have disregarded the value of what they perceive as small and looked towards the bigger numbers then the numbers that they thought were big numbers were now small numbers and the big numbers were trillions- what if they were to approach the finances of our country from the standpoint of the value of a penny?
Luke 16:10 ESV / 11 Helpful Votes
“One who is faithful in a very little is also faithful in much, and one who is dishonest in a very little is also dishonest in much.”
When 55 million is not considered a lot of money, things have clearly spun out of control.