Joy Behar Suggests Trump's Plan To Eliminate Pennies Stems From Jealousy Of Lincoln
IDIOT
“The View” host Joy Behar said on Tuesday’s show that 47th President Donald Trump’s call to dismantle the production of the penny was only because he was “jealous” of America’s 16th President, Abraham Lincoln, whose face appears on the coins.
Behar and the other far-left co-hosts were discussing Trump’s plan to
stop minting pennies, after he claimed it costs more to produce them
than what they are actually worth. However, the ABC midday talk show said that he just did it to soothe his own ego.
“I mean it’s really — and he’s jealous of everybody. Now he’s getting
rid of the penny, he’s even jealous of Lincoln,” Behar exclaimed. “He’s
so small, so petty.”
“Small and petty, absolutely,” co-host Sunny Hostin agreed.
Flaunting
her profound ignorance of how even Obama floated the idea, ABC News's
Joy Behar claims Trump wants to ax the penny because he's "jealous of
Lincoln" and "small and petty." "Yeah. Yeah. Yeah. Yeah," agrees former
fed prosecutor Sunny Hostin. In reality, the stated… pic.twitter.com/5lTHitXOle
This comes after Trump said he instructed the Treasury Department to stop minting the copper coins due to their high costs.
“For far too long, the United States has minted pennies which
literally cost us more than 2 cents,” Trump wrote on Truth Social on
Sunday. “This is so wasteful! I have instructed my Secretary of the US
Treasury to stop producing new pennies.”
However, supporters of the penny claim that Trump should evaluate
changes to the nickel instead, as the cost to mint them also exceeds
their face value of five cents. Ultimately, this could become a problem
if fewer pennies are available causing the demand for nickels to go up.
Nickels cost approximately 13.8 cents to mint, according to the 2024 U.S. Mint report.
“The logical and fiscally responsible solution is not to eliminate
the penny but to focus on producing a cheaper nickel,” Americans for
Common Cents Executive Director Mark Weller said in a Jan. 23 statement.
“This approach would address the real driver of losses while preserving
the functionality of small denominations in everyday transactions.”
Experts have said that Congress would likely need to get involved and pass legislation to fulfill Trump’s wishes.
“The process of discontinuing the penny in the U.S. is a little
unclear. It would likely require an act of Congress, but the Secretary
of the Treasury might be able to simply stop the minting of new
pennies,” Robert Triest, an economics professor at Northeastern
University, told the Northeastern Global News.
In 2023, Senators Joni Ernst (R-Iowa), and Maggie Hasson (D-N.H.),
reintroduced a law to change the composition of the penny to reduce
costs.
“It’s absolute non-cents that American taxpayers spend ten cents to
make just one nickel. Only Washington could lose money making money,”
Ernst said in a statement in April 2023. “This commonsense, bipartisan
effort will modify the composition of certain coins to reduce costs
while allowing for a seamless transition into circulation. A penny saved
is a penny not borrowed.”
There is still optimism for change however, after Congress previously
has acted to discontinue minting new coins. In 1857, the legislative
branch authorized discontinuing new half-cent coins.
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