12 Responses to “Public Service Announcement: Cash For Clunkers Equals Debt For Suckers”

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  1. I hate to think about the billions and billions of dollars are goverment waiste every year.

    • @Chris – Your telling me. If only America could see behind the curtain! As long as American Idol isn’t on they might actually pay attention.

      @Matt – You said it brother! The Government says jump, and everyone jumps. Wake up people, you are a slave to debt. The Government gave you bondage and you act as if it were the best thing since toilet paper and inside bathrooms with plumbing.

      @Jane – Scary is right Jane! Unfortunately I do not think you are going to have to wait long to see what else is in store for us. We seem to be on the fast track.

      FIGHT BACK EVERYONE! ROCK THE DEBT FREE MESSAGE! REPLACE HOPE WITH DESPAIR!

  2. You are right Brad. Going into debt to purchase something that depreciates in value so fast is not a wise move financially. The trouble is, that very few people these days save enough money thats anywhere close enough to buy a new car with all cash. When I was 18 I bought a 2 year old van for almost all cash. I had borrowed 1000 bucks from my Dad to do it. I repayed him his money within 4 months and I had an almost brand new van, paid for, at the age of 18. The money that I used for doing this was from a part time job that I had after school that I had saved. It can be done. I did this fairly easily, because I didn’t have any debt, or expenses living at home . The time that it took me to save the money was about 2 1/2 years. It felt good having that nice of a vehicle that was paid for.

  3. Jane

    Not only does all this wasteful and silly spending making me angry, it scares me! I am afraid to think what else our elected officials might think of in the future.

  4. tam

    Thanks for the info…once again we don’t always have all the information do we? It ‘s easy to get caught up in the net sometimes.

  5. You mean, the government has to pay for all this money they are spending. That’s is wierd.

    But I thought we have to spend money so we don’t go bankrupt. That is #4 on the most important personal finance lessons, right.

    • Haha THR, I love some good sarcasm. What they’re spending is as valuable as Monopoly money if you ask me. The only reason it even has value is because the Government knows that the people are going to pay it back in the form of taxes. Before you know it they will have a birth tax that gives every baby born automatic debt that will come due at 16 years old, on top of all of the other taxes we already pay. We gotta pay for Government waste somehow right?

      I don’t know about you but I’ve never seen anyone SPEND their way out of bankruptcy. The lack of common sense in this country is amazing. I truly believe that a good antonym for the word Government is the word logical. :D

  6. Funny how the government won’t release Cash for clunkers data now – because it may undercut their story about how effective it was. Go figure.

Trackbacks

  1. [...] that expressed a passionate opinion. So here is Enemy of Debt’s special rant on the matter: Cash For Clunkers Equals Debt For Suckers! And I’ll second this with a Marie Antoinette bento [...]

  2. [...] Public Service Announcement: Cash For Clunkers Equals Debt For Suckers [...]



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