Graph from the Cato Institute.
Tag Archives: government spending
Gov’t Wastes Time Fighting Drug War!
A very attractive female tells you why the government is doing way more harm than good in fighting a useless drug “war.”
Refrigerator Rebates!
A $300 million cash-for-clunkers-type federal program to boost sales of energy-efficient home appliances, washing machines, and dishwashers, but it’s probably not enough to lift companies such as Whirlpool (NYSE:WHR – News) and Electrolux out of the worst down cycle in the sector’s history.
Beginning late this fall, the program authorizes rebates of $50 to $200 for purchases of high-efficiency household appliances. The money is part of the broader economic stimulus bill passed earlier this year. Program details will vary by state, and the Energy Dept. has set a deadline of Oct. 15 for states to file formal applications. The Energy Dept. expects the bulk of the $300 million to be awarded by the end of November. (Unlike the clunkers auto program, consumers won’t have to trade in their old appliances.)
…okay!
No More Clunkers!
NEW YORK (CNNMoney.com) — The $3 billion Cash for Clunkers program will shut down on Monday, the government said Thursday.
Dealers must submit any pending Clunker deals, including any necessary paperwork, by 8 p.m. ET Monday.
“It’s been a thrill to be part of the best economic news story in America,” said Transportation Secretary Ray LaHood. “Now we are working toward an orderly wind down of this very popular program.”
Officials decided to wind down the program, which Congress passed to spur flagging auto sales, after determining that it would soon run out of money.
Why put an end to this when the government can just spend spend spend it’s way out of turmoil.
Kids Like You & Me (KLYAM) 