In addition to spending like drunken sailors for the past few months, I just read a story about the $4 Billion bill the Democrats in the House just passed for the "Cash for Clunkers" plan. No... I didn't make that name up...look it up online if you don't believe me!
Here is the jist of the program...if you own a car that is more than 8 years old and a gas guzzler, you can turn it in and get a voucher from the government for between $3,000 and $5,000 toward the purchase of a new car. The only restriction is that you can't buy a car for over $35,000 with the voucher. Am I the only person out there who thinks this is a completely STUPID idea with tons of potential for fraud? I understand the idea and I am sure that Al Gore is jumping for joy on how Obama and the Congress is saving the world here, but this is SO STUPID. Here's why this is such a stupid idea....
Go buy a piece of shit car today for $1,000 from a junkyard that barely runs. You take this car and turn it in for a $3,000 voucher on a new car. You just pocketed a $2,000 handout courtesy of the government towards your new car! I now understand why people cannot live within their means when they see the government set such a great example. Ugh...
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werd
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