If you’re looking for more evidence that government programs that sound well-intentioned sometimes end up not working exactly as sold, look no further than the “Cash for Clunkers” program. Heralded by some supporters as a way to give auto-makers a shot in the arm and a good way to remove older gas guzzling vehicles from the road, the program has now reached a speedbump.
As of Wednesday, nearly 30,000 Clunker transactions had been been submitted to the National Highway Traffic Safety Administration, the agency said, requesting a total of almost $96 million in disbursements.
Apparently, government agencies aren’t the most efficient at keeping track of exactly how much money is left to dispense from the budgeted amount. According to a CNN article, “The federal government may suspend its $1 billion Cash for Clunkers program after less than a week over concerns that the plan may have already burned through its funds”.
The confusion isn’t limited to government accountants however. Car dealers are a bit less than pleased with the program, and their customers are wondering what’s going on, as rules for the program are causing long waits for delivery of their new vehicles.Published in