Mike Castle likes coins. He likes coins so much that he has sponsored various pieces of legislation regarding coins. The state quarter thing, that was Castle. Coins celebrating the national parks, that was Castle. The Presidential $1 Coin Act of 2005? Castle’s idea. An idea so popular and wanted with and by the people that 1.4 billion coins are sitting in the Federal Reserve’s valuts due to lack of demand.
Yesteday, fellow Delawarean and current Vice President Joe Biden announced that the Obama Administration was halting the “wasteful production.”
But Castle has no hard feelings. In fact, he’s supportive. “I’m delighted that the White House has made that decision,” he said Tuesday. “As far as I’m concerned, it was a waste to store them.”
This action will save the taxpayer $50 million a year in production and storage costs, part of Obama’s “Campaign to Cut Waste.” So Castle is delighted have his signature achievements in Congress to be called “wasteful” and ended. Yeah, that sounds about right.