Talk of The Villages Florida - View Single Post - Is "Cash For Clunkers" A Good Deal?
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Old 08-05-2009, 01:30 PM
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Originally Posted by Keedy View Post
How do you know that? Is this a temporary solution, or is it a solution at all. Who pays all the taxpayer money back? I haven't seen any real solutions from this administration that doesn't involve the USA getting deeper into debt.
That's the real bottom line, getting deeper in debt. Anything the government does to stimulate the economy drives us further into debt. As far as being temporary, of course it is!! The money already ran out once and is expected that the "new money" might last only a couple of weeks, then what? How is that not temporary???

The only thing this program has done is reduce production inventory, not newly built cars that will keep the autoworkers employed. When the money runs out anyone who could afford to buy a car will have and the sales come to a screeching halt again.

And lastly, who is paying for all this spending? Everyone who didn't buy a car will be paying for the government largess, plus interest to the Chinese.