Not long ago, a rumor was circulating that President Barack Obama would be replacing George Washington on the $1 bill this year. That rumor was later proven to be false, although some new bill designs (including $20 featuring Harriet Tubman) are in the works.
We’re sure liberals were thrilled with the prospect of Obama being on their dollars, but the truth is, the Bureau of Engraving and Printing say the dollar is fine as is because it’s rarely the target of counterfeiting. The U.S. Treasury also prevent living people from being on currency notes.
Sorry Obama, but we won’t have to look at your face every day anymore. What do you think? Are you relieved this rumor is false?
The claim was flagged by Facebook, which is trying to crack down on fabricated articles that resemble real news.
The false story, complete with the misspelling of “Barack,” appeared on several other websites in January. The story says Obama will displace George Washington, and that the public will be able to help choose from among several designs — in early 2016. That’s an easy clue that this fake story is both wrong and outdated.
For the record, Obama will not be going on the $1 bill, although some new bill designs (including a $20 featuring Harriet Tubman) are in the works. The U.S. Bureau of Engraving and Printing says there are no plans to redesign the $1 bill, because it’s seldom the target of counterfeiting.
There are also some legal roadblocks. The U.S. Treasury does not permit living people to be on currency notes, and Congress has prohibited a redesign of the single greenback in its omnibus spending measures. The vending machine lobby convinced lawmakers to leave the dollar alone, mostly because it would be expensive for vendors to upgrade bill readers to recognize cash sans Washington.
It’s hard to tell where the idea of Obama headlining the base unit of American currency originated, but contrived news stories about it go back to at least 2012.
(H/T) Read Conservatives