This is all you need to know about the penny and the US Government:
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A penny - as it is commonly known in the US - costs 2.4 cents to produce and distribute. And there were 4.3 billion minted lasted year.
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They produce them knowing they are doing so at a loss. And a penny is literally at the smallest level of production. Imagine how much waste goes into everything else larger than a penny. From nickles to airplanes to bombs, it is no wonder they are drowning in debt. They have to borrow 1.4 cents just to make 1 cent.