WASHINGTON – Congressional officials say the government plans to suspend the popular "cash for clunkers" program amid concerns it could quickly use up the $1 billion in rebates for new car purchases.
The Transportation Department called congressional offices late Thursday to alert them to the decision to halt the program, which offered owners of old cars and trucks $3,500 or $4,500 toward a new, more fuel-efficient vehicle.
The congressional officials spoke on condition of anonymity because they were not authorized to speak publicly.
Through late Wednesday, 22,782 vehicles had been purchased through the program and nearly $96 million had been spent. But dealers raised concerns of large backlogs in the system, prompting the suspension.
Folks, this was a 'ONE' page bill. NHTSA tried to administer with a 100 plus page rules and a website. They just can't figure out what to do. Initial allotment of $1 BILLION in tax money will either be increased or car dealers will end up $3500 - $4500 short on thousands of deals.
Now the same idiots who can't run a program based on ONE PAGE and $1 BILLION are trying to pass a thousand plus page long "Health Care Reform" bill. they already passed another thousand plus page long " Global Warming" bill.
This requires no further explanation.