Cash For Clunkers?

As you may have heard- the cash for clunkers program was a wild "success" , if encouraging people to get more in debt can ever really be a success....

How I see it, encouraging people to get rid of cars that still work and are quite possibly paid off- to get new cars and new debt is a gross insult to common sense. Yea, my car with 130,000 miles is getting old and all dinged up- but it still works. It still serves the purpose for which I originally bought it- to get from point A to point B. So should I trade it in- get that SUV I've been coveting and rack up 30,000 in debt? Im no financial advisor- but I dont think that would be the wisest choice....