Posted by Tina
Surprise…surprise…surprise!
WASHINGTON (AP) — The government plans to suspend its popular “cash for clunkers” program amid concerns it could quickly use up the $1 billion in rebates for new car purchases, congressional officials said Thursday. ** The Transportation Department called lawmakers’ offices to alert them to the decision to suspend the program at midnight Thursday. The program offers owners of old cars and trucks $3,500 or $4,500 toward a new, more fuel-efficient vehicle. ** The congressional officials spoke on condition of anonymity because they were not authorized to speak publicly.
I know they hoped to throw a bone to the greens with this program but seriously…think about it! How smart is it to give people incentive to go into debt with the economy and personal accounts falling apart? People should be getting out of debt as quickly as possible and saving for a rainy day. People should be spending wisely for their own families sakes, not going into debt for the sake of some green utopian dream built on shakey science and a bazillion lies. And as long as we’re talkin here…the billion plus that would be “spent” on this program…the government doesn’t need to be spending on cutesy ideas right now…
TAX CUTS! Now that would stimulate the overall economy and help working people at the same time. They in turn would send tax dollars to the government so everybody wins. Will this Congress finally start to care about the fate of all Americans…or will they keep trying to play Santa for a special few?