Offering ‘cash for clunkers’

Is it a good idea for the government to pay people to trade in gas guzzlers for cleaner cars?

What happened

The Senate overcame Republican objections to clear a $1 billion “cash for clunkers” program, attached to a $106 billion supplemental war-funding bill. The House already passed the “clunker” provision, and President Obama is expected to sign it. The program offers vouchers of $3,500 or $4,500 to people who trade in gas-guzzling post-1984 vehicles for new, more fuel efficient models. (USA Today)

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