The argument for keeping the penny isn't worth a cent. On Capitol Hill, the coin's best friends are the mining companies and the counting-machine makers who have a financial interest in its continued existence. Anyone looking for a solution to the penny problem doesn't have to look far. As with banking regulation and the recipe for a proper poutine, America's neighbor to the north has got it right. Canada just announced a budget that calls for eliminating pennies, and we hope our nation will follow its example.
The Chicago Tribune