McCain hopes $1 coin leads to bigger tips for strippers
July 25th, 2013
01:17 PM ET
1 year ago

McCain hopes $1 coin leads to bigger tips for strippers

(CNN) – If Congress passes the COINS Act replacing the $1 paper bill for a coin, the U.S. government may be able to save billions in printing costs at the expense of a little more jangle in the average consumers' pockets. But what about the strippers?

That's what The Hill newspaper asked one of the bill's co-sponsors, Sen. John McCain, in a piece published Thursday. The question came from a separate 2011 story where the publication suggested strippers could suffer in a bill-less economy, with G-strings and garter belts far less accommodating of cold metal.

For his part, the Arizona Republican responded in stride in a Capitol Hill hallway.

"Then I hope that they could obtain larger denominations," McCain reportedly told The Hill.

According to The Hill, the 76 year-old McCain started answering questions from another reporter before a smile spread across his face and he shouted down the hallway to The Hill, "Fives, tens, one hundreds!"

McCain's office did not respond to a request for comment.

Officially called the Currency Optimization, Innovation, and National Savings Act, the COINS Act has been put before Congress multiple times in recent years. In the Senate it was most recently introduced in June as S.1105 by Tom Harkin, D-Iowa. McCain's fellow co-sponsors in the Senate are Michael Enzi, R-Wyoming, and Mark Udall, D-Colorado.

If passed, the bill would require Federal Reserve banks to stop circulating paper $1 bills within five years of the COIN Act going into effect.


Filed under: John McCain
soundoff (73 Responses)
  1. Bill

    I don't think it will result in people stuffing $ 5 bills down their g-strings. Instead people will just stuff coins down their pants, and then watch them fly everywhere as the strippers gyrate around the stage.

    July 25, 2013 02:23 pm at 2:23 pm |
  2. r00t4rd3d

    And this clown wanted to be president. There is nothing in Washington DC right now other then brain dead, from the bottom to the top.

    July 25, 2013 02:25 pm at 2:25 pm |
  3. Herbert

    I already put $1 bills in my change jar, then have to pull them out before I dump them in Coinstar. This change would make that process easier.

    July 25, 2013 02:25 pm at 2:25 pm |
  4. scarf

    When I was in the South Pacific, the local currency included large denomination coins. It felt great to go into bars, slap down a big coin with a satisfying "BAM" and call out "Gimme a beer!"

    July 25, 2013 02:26 pm at 2:26 pm |
  5. Scaddywaddydodaday

    This is a joke, right?

    July 25, 2013 02:27 pm at 2:27 pm |
  6. Mike

    birder? McCain is out of touch becuase he has not spent much time in a strip club? do you really think this will make a dent in the strip club industry? have you ever heard of funny money? who is out of touch?

    July 25, 2013 02:30 pm at 2:30 pm |
  7. Stanley Goodyear

    Problem is U.S. government has so devalued the dollar it isn't worth the paper its printed on.

    July 25, 2013 02:30 pm at 2:30 pm |
  8. GI Joe

    Maybe we should pay him in coins and watch him roll it to the bank. ha ha ha ha

    July 25, 2013 02:31 pm at 2:31 pm |
  9. BigRedRockEater

    A strategically placed magnetic strip reader would allow credit cards to be swiped – now that would be beneficial!

    July 25, 2013 02:32 pm at 2:32 pm |
  10. sarcasm0

    This is honestly one of the worst attempts at cost cutting I have ever seen. It's a trivial amount in terms of the greater deficit, and it would actually result in people being inconvenienced by their own currency. Who the hell wants to carry pocketfuls of metal everywhere? It's just mind boggling how anyone in the 21st century thinks this is a good idea. How about eliminating currency altogether? Credit/debit cards for everything. Make all commerce electronic and get rid of physical money once and for all. Innovate technology that makes things easier, not legislation that things far more annoying.

    July 25, 2013 02:32 pm at 2:32 pm |
  11. ya rights

    Sounds like he is talking with experience.

    July 25, 2013 02:33 pm at 2:33 pm |
  12. Bill in VA

    People need to lighten up. That was a good line.

    July 25, 2013 02:33 pm at 2:33 pm |
  13. stuart

    and now for some actual information. MANY countries have done away with the smaller bills 1's or 2's and issued coins, Israel, the EU and England among others. If you have gone to these areas, THERE IS NOT A PROBLEM with using the coins and it does make economic sense, THEY LAST LONGER!

    July 25, 2013 02:35 pm at 2:35 pm |
  14. roger

    He has a sense of humor! After all, he picked Palin.

    July 25, 2013 02:35 pm at 2:35 pm |
  15. mfp2waoe4

    Who even uses cash any more?

    July 25, 2013 02:36 pm at 2:36 pm |
  16. BJ

    I think that's pretty funny and he might be right. Strippers might be seeing a lot more fives.

    July 25, 2013 02:38 pm at 2:38 pm |
  17. us_1776

    NOBODY, is going to carry heavy $1 coins.

    The answer is to devalue the dollar 10-to-1.

    So then a new dime would be worth the same as an old dollar.

    .

    July 25, 2013 02:38 pm at 2:38 pm |
  18. Roy

    Jusr another hair brained congress idea congress probably has first hand experience about G-strings and garder belts.

    July 25, 2013 02:39 pm at 2:39 pm |
  19. jj

    This guy is so out of it. Yeah – they can carry coin-changers so you can get your 90c in change back! Thanks, gramps!
    He's probably thinking of ways to get rid of that vanity project – printing coins for every state. They did this for years – even after it was apparent no one wanted them. They had to build a 2nd warehouse to hold them. Of course, they built it a thousand miles away. Wonder who got the trucking contract...
    Here's a clue – NO MALE wants to carry change. Somehow, pants aren't made for coins. And from what I hear – neither are strippers outfits!
    I don't even like carrying keys in my pockets. I'll be happier when an RFD tag starts the car and unlocks the house!

    July 25, 2013 02:39 pm at 2:39 pm |
  20. wpp105

    A $2 coin would be more usefull these days.

    July 25, 2013 02:39 pm at 2:39 pm |
  21. jerry

    alot of women put their money in their bras.lets see how they carry a bunch of coins in them.

    July 25, 2013 02:40 pm at 2:40 pm |
  22. tom johnston

    A little extra cash for Megan.

    July 25, 2013 02:41 pm at 2:41 pm |
  23. luciddream85

    Just goes to show that he's a pig like 98% of the male population. At least he was being real.

    July 25, 2013 02:41 pm at 2:41 pm |
  24. this

    Make it hail!

    July 25, 2013 02:42 pm at 2:42 pm |
  25. GString

    I think it's funny. Hats off to McCain for being an interesting character and speaking his mind in an amusing way.

    July 25, 2013 02:42 pm at 2:42 pm |
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