The so-called "Cash for Clunkers" program that has recently been allocated another $2 billion is one of the most wasteful government programs in recent memory.
First, the government is giving away $4500 on vehicles are worth far below that amount, sometimes thousands of dollars less.
I am not sure if any of the people that came up with this idea learned anything about basic economics but if they did, they must have forgotten a large portion of it.
On top of that, the automobiles that are traded in are completely destroyed. The government has required that all cars that are traded in and taken to scrap yards and crushed so that nothing is salvageable. This is the same government that insists that we recycle more.
This is government waste at its very worst.
So we have a government who has put us in so much debt that we can never hope to repay it within our lifetime. And to stimulate the economy here is their plan: to spend the tax dollars of hard working Americans and then pay someone else thousands more than their (more often than not) perfectly functioning vehicles are worth so that they can also drive themselves (no pun intended) further into debt.
The very idea that we can solve our nation's financial problem by spending more money bailing out financial institutions, mortgage companies and stimulus packages is nonsense.
That is like you or I making the decision to fix our own financial problems by going out and maxing out our credit cards and then going out and getting more credit cards and maxing those out too.
This is not a way to fix our economy. This type of thinking is dangerous.
Don't let your government waste any more money?
Say no to increased deficit spending and say no to your elected officials by voting out those congressmen and senators that voted for the bailouts and the stimulus package and who voted to further fund the "cash for clunkers" program.
It is time to finally change Washington DC for the better.
It is time for a RIGHT kind of change.