Well, here you have it! Only a week into the Cash for Clunkers program the US government started with a billion in funds is nearly busted!
A report from the Politics Daily announced today that the Transportation Department officials called lawmakers earlier Thursday to alert them of plans to suspend the program as early as today. But a White House official said later the program had not been suspended and they were reviewing their options to keep the program funded.
The original program was supposed to run through November 1 2009 (or until funds were depleted) but the White House did not predict the funds would be depleted in days.
If the wise people running this program can’t predict the outcome of a simple program like “Cash for Clunkers”, I certainly trust them to fix our health care system! — that’s sarcasm just in case you missed it!