Congress to mint new Dollar

Like lemmings rushing into the fjords, Congress cannot seem to resist a leap into the dollar-coin money pit.
Despite two wildly unsuccessful attempts to introduce a dollar coin, legislators are trying again.
On Wednesday, the House of Representatives passed a bill to create a new $1 coin, which would accompany the current Sacagawea piece. The measure enjoyed enormous bipartisan support, passing by a vote of 422 to 6. Assuming a companion bill makes it through the Senate, the nation would be on its way to taking another stab at a dollar coin.
This time, however, lemmings might fly.
The Presidential $1 Coin Act was led in the House by Michael Castle (R-Del.) and Carolyn Maloney (D-N.Y.). In the Senate, shepherds are John Sununu (R-N.H.) and Minority Leader Harry Reid (D-Nev.).
Supporters realize that the dollar coin is the Rodney Dangerfield of American money. So they make clear that any new coin would augment -- not replace -- paper currency.

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