Tuesday, August 4, 2009

Cash for Clunkers Is Not Going Anywhere

Am I the only one who is starting to think that "Cash for Clunkers, " if the spending increase passes the Senate, will never go away? This is a wildly popular program. So popular, in fact, that it burned through a billion dollars in a week. If this thing is not killed now, it will become a new vote buying scheme for politicians. It was supposed to end when funding ran out, or November something-or-other whichever came first. Now, they are rushing to add another $2 billion to it. No government precedent goes unexploited, and this program will be no different. I have serious doubts that the politicians will ever let it die. This program is now another income redistribution program, and it will be with us for the forseeable future. It is just another thing the government will have its hands in, now and forever.

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