Wes Hickman (202-224-5972) and Kevin Bishop (864-250-1417)WASHINGTON – U.S. Senator Lindsey Graham (R-South Carolina) today made this statement on his opposition to extending the ‘Cash for Clunkers’ program.
“While I believe the ‘Cash for Clunkers’ program has had a temporary stimulus effect, ultimately this program will add to our mounting national debt. This extension is being paid for with borrowed stimulus money that will soon be replenished by Congress only adding further to our deficit woes.
“We could have easily found $2 billion within the $787 billion stimulus package. A simple reallocation of priorities would have allowed us to extend the program and would not have added to our national debt. Unfortunately, it seems our top priority right now is borrowing money to fund every idea, the good and the bad.”