Clunkers Waste Of A Program Costs $24K Per Vehicle - Govt Ready To Piss Away Even More
By Everyday Finance on October 30, 2009 | More Posts By Everyday Finance | Author's Website
In its unabated effort to piss away as much money as possible on pet projects and freebies to pander to as many future voters as possible, the administration spent a whopping $24,000 per incremental vehicle sold under the cash for clunkers program, according to Edmunds.com, an independent data source with no hidden agenda for forging such a conclusion.
At that price, it probably made just as much sense to simply buy the 125,000 incremental sold vehicles and just give them away to some lucky voters. This “spreading of the money” that so enamors our president is really sickening and evidently, there’s no end in sight.
With a weak US Dollar crisis brewing and a record deficit with no chance of recovery for decades to come, the government is also on the verge of extending the home-buyer tax credit…but to even more people! They are considering extending it even to existing homebuyers. What next?
Add on the money thrown down the drain at the US automakers when bankruptcy was inevitable (wait, remember when the politicians claimed a bankruptcy would ripple through the entire country and crash the economy? Well, after big auto bankruptcies that were inevitable, no such catastrophe occurred - but union votes remained intact), extending the cash for clunkers program when money initially ran out (because it was such a sucker’s move on the backs of the taxpayers), kicking off a poorly conceived cash for appliances program, reworking mortgages for people that lied on their applications and had (and still have) no business owning a home, and now extending the homebuyer tax credit program, it begs the question as to why our lawmakers even attach a pricetag to anything anymore. Whatever price tag the “phase 1″ has attached to it is moot when pandering politicians continue to extend and memorialize money-sucking schemes later anyway.
The Healthcare Bill will be no different. While they claim it will cost “only” $900 Billion or so now, and have nonsensical clauses, like the ability for states to opt out (if every taxpayer if forced to pay for the public option anyway through their taxes, hell, but then, they might as well get something out of it, so they’ll be forced to opt in), the reality is that it will actually cost our country much more in direct and indirect costs and reap untold havoc on America in terms of unintended consequences. Please name the last time our government took on anything of this scale with a favorable outcome.
While the last administration wasn’t exactly a beacon of competence and success, the current one is completely rewriting the American way of life and we have nobody to blame but ourselves. We voted them in!
I ask you this - If, rather than our children eventually having to pay this debt…If each American had to pay the debt we’re taking on (and the debt on top of debt to even service our debt) today to the tune of tens of thousands of dollars per family, do you think we’d engaging in this profligate spending spree? No, we’re doing this because we don’t have to pay it off - future generations will. It’s sickening and shameful.
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