Friday, July 31, 2009

Cash for Clunkers? Not Anymore!

After just 6 days, starting last Friday, the $1 billion allocated to this program has just about run out. It is a huge success in stimulating sells of new autos and getting less fuel efficient vehicles off the road. However, it goes to illustrate the point that the government can NEVER only spend what it says initially. This program is expected to get additional funding today (word is about an additional $2B).

And you want the government to run your healthcare when they can’t even get this right? $1 trillion over 10 years is a hoax! It will likely be 5 to 10x that amount.

Article here

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