Will Broadband Be in the Stimulus Package?
Sunday, November 9th, 2008
“I want to see a stimulus package sooner rather than later. If it does not get done in the lame duck session, it will be the first thing I get done as President of the United States.”
So said President-Elect Barack Obama at his first press conference this past week.
Will subsidies for broadband be part of it?
The Telecommunications Industry Association recently urged Congress to include subsidies for broadband in the economic stimulus package. The membership of TIA are telecommunications equipment providers. They argue that subsidies for their products would be good for America.
Oh! – which allows me to mention how a group called BroadbandCensus.com is promoting a Nov. 18 conference on broadband here on this site (more info | register). They have sponsored info on pages like Public Law 110-385, The Broadband Data Improvement Act, and H.R. 3919, The Broadband Census of America Act of 2007, right where people interested in these topics will find it. (Click and check out their info in the right column.)
It’s a brilliant thing – sponsoring info here on WashingtonWatch.com. Here’s how to do it.
Anyway, enough fawning over a sponsor . . . .
The last stimulus package was passed in February and included rebate checks to taxpayers, returning about $540 per family on average. But it may not have been all that stimulative. Martin Feldstein, chairman of the Council of Economic Advisers under President Reagan, recently wrote in the Wall Street Journal that it was a flop, with only 15% of the stimulus money going to new spending. (The rest went to savings or paying down debt – not bad things, but they came at the expense of driving up national debt.)
If an economic stimulus bill happens, maybe spending on infrastructure is better than cash payments out to people. We shall see. More to come, of course.
I
One of the most visited bills on WashingtonWatch.com this week is 