$7 Million Dollar Internet Hook-up

  First we learned that it cost American tax payers $278,000 for every new job created by the  American Recovery and Reinvestment Act. And still we are losing jobs, with unemployment going up last month.

  Of course the Obama administration will tell us that we need only spend more tax dollars to create more jobs and stimulate a recovery.

  Now we have  a new report by Jeffrey Eisenach and Kevin Caves of Navigant Economics, a consulting firm which studied the American Recovery and Reinvestment Act’s subsidizing of rural broadband, designed to bring broadband access to homes without it.

  Since this was a campaign promise of then candidate Obama, I guess no price was too high to deliver on that promise.

 Would anyone guess that it would cost $7 Million to bring internet to homes that did not already have it? Well it did. I guess if you want anything to cost way too much, just let government take care of it. But wait that’s not $7 Million overall, that is $7 Million per home.

  Here is a Forbes story by Nick Schulz that breaks it down. And we wonder why we have a run away deficit and debt problem?

 http://blogs.forbes.com/nickschulz/2011/07/05/how-effective-was-the-2009-stimulus-program/

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2 Responses to “$7 Million Dollar Internet Hook-up”

  1. Bill Marden Says:

    Frank,check your phone bill for the Universal Connectivity charge. That’s another TAX that was introduced by Rep Ed Markey D-MA!
    No surprise there,
    I called the phone company about this and it’s a “fee” aka tax for those that cannot access the internet so we have to pay for it!

  2. frankknotts Says:

    Another case of bringing the producer down, instead of helping the non-productive to be productive.

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