The Cash for Clunkers programs was another brilliant Washington idea that will help you buy a new car with up to $4500 in credit for your “clunker” car. I could stop right here and tell you what a bad idea this is, I mean how could this go wrong?
Well within a week or so the program had already ran out of money, and I even read how people had to return their new cars because the dealerships didn’t get paid. The original allocation for this program was $1 Billion, and the provision was that the program would end when the money ran out.
However, democrats and republicans alike have put their heads together and have come up with another bright idea! Give another $2 billion to the program! Of course, they are not really sure where the money will come from, but we are so far in debt now, does it really matter anyways?