Subsidizing Replacement of Motor Vehicles: An Analysis of “Cash for Clunkers” Programs (CRS R46544)

Some Members of Congress have suggested developing a rebate program either to address effects of the 2020 pandemic on the automotive industry, including the temporary closures of all U.S. vehicle manufacturing plants, or as part of a long-range effort to remove older internal combustion vehicles with high greenhouse gas emissions from the roads. Rebates were … Read more

Bailouts Explained – Clarke and Dawe: European Debt Crisis

Clarke and Dawe – European Debt Crisis     Also see Federal Debt; Budget Deficit / Budget Surplus; Date Shifting / Fiscal Transparency / Fiscal Illusion; Public Debt / Debt Ceiling; “We Don’t Want Your Clunkers“.     Courses Congressional Operations Briefing – Capitol Hill Workshop Drafting Federal Legislation and Amendments Writing for Government and … Read more

We Don’t Want Your Clunkers

  SNL Parody of Obama & Jintao Press Conference in Beijing     “You are not allowed to pay us back in clunkers.“     Economists are full of bad ideas. Terrible ideas seem to emerge when the gurus get together to talk about coordinating their bad ideas. Last week’s public letter from Treasury Secretary … Read more