Little Bitty Bang Bang

Little Bitty Bang Bang

Here's an idea: Let's give $50,000 to anyone looking to upgrade to a brand-spanking-new, environmentally friendly home. All we ask in return is that you burn your previous residence into a heap of smoldering cinder.

That's the concept behind the bizarre "cash for clunkers" program so many people are deeming a success. It's so successful, in fact, that Congress will increase funding for it by 200 percent.

Then again, in Washington, a place where elected officials are astonished -- astonished! -- when a program doling out free cash is popular, success often translates into higher costs and fewer...