A Reminder About Free Government Money

August 27, 2009 by Chuck | 0 Comments

While I’ve pointed you from time to time to real opportunities to obtain “free government money” in situations I would consider a crisis for most people, usually there is a nasty price to pay.

I was talking to local car dealer yesterday and his experience is mirrored by dealers across the country. They have sold dozens of autos through the “Cash for Clunkers” program…the government program owes them between $100,000 and $200,000 and they have, to date, only been paid for ONE transaction.

So the promise of “free government money” sounded good. The car dealers jumped on it with abandon, but they are facing some serious cash flow issues while they wait for payment.

When the government is the one paying you, they take their own sweet time and do things their way…

It’s like government health plans designed to save money on Medicaid… doctors found they didn’t pay well in the first place, paid late most of the time while medical offices had bills to pay NOW, and sometimes didn’t pay at all and these HMO’s went bankrupt.

Looking for that “Free Government Money”? While some “free government money” may be viable options for you… most may be more trouble than they’re worth.

In Government

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