The “cash for clunkers” program, which paid $4500 to consumers who traded in their old gas guzzlers for more fuel efficient vehicles, has crashed and burned in less than a week. From the story:
Less than four days after launching a popular cash-for-clunkers program, the Obama administration warned Congress the plan already had burned through its $950-million budget, setting off a rush for more money while leaving thousands of dealers and consumers in the lurch.
Question: If the Congress and the Obama Administration can’t properly plan and execute a relatively small plan like cash for clunkers, why should we think the government can manage and properly budget for 1/6th of the entire economy?
How the State Failed Noelia Castillo
On March 26, Noelia Castillo, a twenty-five-year-old Spanish woman, was killed by her doctors at her own…
The Mind’s Profane and Sacred Loves
The teachers you have make all the difference in your life. That they happened to come into…
History’s Pro Tips on Iran
Nothing in human experience compares to the wars of the last 120 years. Their scope has grown…