Cash for Clunkers Program Lives On, $2 Billion More Approved By Congress
Wow! We just reported last night how the governments “Cash for Clunkers” program was put on hold, as the one billion alloted for it, had already been reached in just under a week.
And now there are news reports that an additional $2 billion has been added to the extremely popular program. Congress obviously see’s this as a major economy booster and doesn’t want to let it die just yet.
With the new additional funding, consumers can again replace an old clunker with a new more fuel-efficient approved vehicle, and get upwards of $4,500 in the form of a tax rebate.
How long will this economy booster last and what other silent repercussions are in the midst? One has to wonder.
via Yahoo News
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