Cash for Clunkers program funds depleted

by Eugene on July 31, 2009

in Economy

Here’s why the government shouldn’t be entrusted to run any programs. Remember the digital TV transition debacle? Now we have the cash for clunkers debacle, only six days into effect:

“Cash for Clunkers” came to a screeching halt Thursday, after only six days on the road. 

In a shocker, the government announced it would suspend the program at midnight because demand was too great. 

It may have been the best $1 billion the government has spent so far this year.

Nope, it’s not much of a shocker. The government is never good at providing good estimates. And you want it to in control of your health care?

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