Press Release: Monday Briefing: Currency Modernization Will Save Government Billions
MONDAY BRIEFING: CURRENCY MODERNIZATION WILL SAVE GOVERNMENT BILLIONS
New Economic Analysis by Former Chief Economist for Senate Banking Committee Finds Budget Savings Are Nearly 3X Higher Than Recent GAO Estimates
WASHINGTON – The Council for Citizens Against Government Waste and the Dollar Coin Alliance will host a briefing for members of Congress, staff and all interested parties on the budgetary savings of modernizing U.S. Currency. The former Chief Economist for the Senate Banking Committee and Deputy Assistant Secretary for the U.S. Treasury will present a new economic white paper that demonstrates the U.S. Government can save over $13 billion by eliminating the dollar note and moving to a dollar coin.
WHAT:
Briefing hosted by The Council for Citizens Against Government Waste and The Dollar Coin Alliance featuring the presentation of a new economic analysis showing the budgetary savings of the dollar coin at over $13 billion.
WHO:
Aaron Klein, Former Chief economist for the Senate Banking Committee and Deputy Assistant Secretary of the U.S. Treasury
William Christian, Director of Government Affairs, The Council for Citizens Against Government Waste
Former Congressman Jim Kolbe (R-AZ), Honorary Co-Chair of the Dollar Coin Alliance
WHEN:
Monday, July 22, 2013
12:00 PM EST
WHERE:
Russell Senate Office Building
Room 385
About the COINS Act
The Currency Optimization, Innovation and National Savings (COINS) Act (S. 1105), is designed to save the country billions of dollars by eliminating the wasteful, inefficient $1 note. The COINS Act was introduced last month by a bipartisan group including Sens. Tom Harkin (D-IA), John McCain (R-AZ), Tom Coburn (R-OK), Mike Enzi (R-WY) and Mark Udall (D-CO). The elimination of the dollar bill and transition to the coin has also been endorsed by a broad coalition of supporters, including editorial boards from across the country such as The New York Times, The Washington Post, The Chicago Tribune, Los Angeles Times, Wisconsin State Journal, and USA Today.
About the Dollar Coin Alliance
The Dollar Coin Alliance is a coalition of small businesses, budget watchdogs, transit agencies and labor groups dedicated to saving American taxpayers billions of dollars by transitioning to a one dollar coin, and focused on educating taxpayers and policy-makers about the benefits of increasing dollar coin circulation. For more information please visit www.DollarCoinAlliance.org.
About The Council for Citizens Against Government Waste
The Council for Citizens Against Government Waste (CCAGW) is the lobbying arm of Citizens Against Government Waste, the nation’s largest nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government.
For Immediate Release
Contact: Bryan DeAngelis
bdeangelis@asgk.com
202-674-9215
