Government Burning Money... literally.

[PineappleMama]

http://news.yahoo.com/s/yblog_thelookout/20101206/us_yblog_thelookout/government-cant-print-money-properly

Wow... 10 YEARS of research, and $120 million in costs just to print, and they still didn't get it right.

And they wonder why folks don't have absolute faith in government run programs?

 

[FourPawz]

From the article:

"It would take an estimated 20 to 30 years to weed out the defective bills by hand, but a mechanized system is expected to get the job done in about a year."

Read that sentence and then think about how many new bills they've printed. They're going to dilute the money supply beyond belief.

 

[rebelcowboysnb]

Brings new meaning to the saying "It takes money to make money."

We burn money every day though. Warn bills are burned an replaced constantly. The life expectancy of a bill is about 1 year. 2/3s of the bills in circulation right now are counterfeit anyway.

 

[Dunkopf]

Quote:
Printing money is just a saying. They only print what they need to replace the worn out stuff. The extra money put into the system is all electronic.