07/25/2013 11:53 am ET Updated Jul 25, 2013

John McCain: $1 Coin Could Mean 'Larger Denominations' For Strippers

Sen. John McCain (R-Ariz.) recently co-introduced legislation that would improve the circulation of $1 coins, and he's touting the benefits for everyone -- including strippers.

McCain -- along with Sens. Tom Coburn (R-Olka.), Mike Enzi (R-Wyo.), Mark Udall (D-Colo) and Tom Harkin (D-Iowa) -- are touting numbers by the consumer advocacy group Citizens Against Government Waste, which says eliminating the dollar bill in favor of the coin would save $13.8 billion over 30 years. McCain called the move "one common-sense remedy" that could save a significant amount of money.

"Even in this town, $5.5 billion or $13.8 billion is not chump change," McCain said earlier.

But in the past, concerns have been raised over how $1 coins would affect strippers' incomes. Daniel Harris, owner of Archibald’s Gentleman’s Club in downtown D.C., once told The Hill "you can’t put a coin in a garter belt.”

When asked about the potential problem, McCain said he hoped strippers "could obtain larger denominations." The Hill reports:

The 76-year-old lawmaker began answering another reporter’s prying questions before cracking a smile and hollering to [The Hill] down a Capitol hallway, “Fives, tens, one-hundreds!”

McCain has also mentioned the $1 coin's durability as a reason to increase circulation.

“The $1 coin is more durable –- by far out lasting the $1 bill," McCain said at a briefing this week. "Dollar bills currently in circulation last only three years, where $1 coins last roughly 30 years. Basically, a single $1 coin can last as long as 17 dollar bills over the course of its lifetime."



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