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Forums » 700Mhz Auction Nets $2.78 Billion On First Day » Money?
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gaforces
United We Stand, Divided We Fall

join:2002-04-07
Santa Cruz, CA

2 edits
reply to RouterCab
Re: Money?

It goes to the US Treasury. The money the FCC gets has to be approved by Congress. They (FCC) don't control the money from the auctions.


SilenceGold
Premium
join:2003-07-31
Benton, AR
I hope the USA gets the money after Bush steps down at the end of his term. Otherwise, more money for his war. :/


GOLFnSUN
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
·Comcast

reply to gaforces
said by gaforces See Profile :

It goes to the US Treasury. The money the FCC gets has to be approved by Congress. They (FCC) don't control the money from the auctions.
Some of the money was set aside to fund the voucher program for converters for the conversion to digital TV.
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Vertickle

join:2003-08-05
Madison, AL
·Knology

reply to SilenceGold
said by SilenceGold See Profile :

I hope the USA gets the money after Bush steps down at the end of his term. Otherwise, more money for our war. :/
There. I fixed it for you.


Mike
Premium,Mod
join:2000-09-17
Pittsburgh, PA
clubs:
reply to GOLFnSUN
...which was just given away + 98 billion dollars more to the national debt due to the "stimulus package".


gaforces
United We Stand, Divided We Fall

join:2002-04-07
Santa Cruz, CA
·Cruzio Internet


3 edits
reply to GOLFnSUN
It looks like they are borrowing from the US Treasury general fund to pay for coupons, then in 2009 they will take the money from the auction fund, and put it into the general fund.

From; >> »www.dtv.gov/DTVAct.pdf

(i) ESTABLISHMENT OF FUND.--There is established in the
Treasury of the United States a fund to be known as the Digital
Television Transition and Public Safety Fund.
(ii) PROCEEDS FOR FUNDS.--Notwithstanding subparagraph
(A), the proceeds (including deposits and upfront payments from
successful bidders) from the use of a competitive bidding system
under this subsection with respect to recovered analog spectrum shall
be deposited in the Digital Television Transition and Public Safety
Fund.
(iii) TRANSFER OF AMOUNT TO TREASURY.--On September
30, 2009, the Secretary shall transfer $7,363,000,000 from the Digital
Television Transition and Public Safety Fund to the general fund of the
Treasury.
(1) implement and administer a program through which households
in the United States may obtain coupons that can be applied toward
the purchase of digital-to-analog converter boxes; and
(2) make payments of not to exceed $990,000,000, in the
aggregate, through fiscal year 2009 to carry out that program from
the Digital Television Transition and Public Safety Fund established
under section 309(j)(8)(E) of the Communications Act of 1934 (47
U.S.C. 309(j)(8)(E)).
(b) Credit.--The Assistant Secretary may borrow from the Treasury
beginning on October 1, 2006 such sums as may be necessary, but not
to exceed $1,500,000,000, to implement this section. The Assistant
Secretary shall reimburse the Treasury, without interest, as funds are
deposited into the Digital Television Transition and Public Safety Fund.
--
‘Do ye, quieting in your bosoms your strong hearts,
Who of many good things have had your fill even to surfeit,
With what is moderate nourish your mighty desire; for neither will
We yield, nor shall you have all else as you wish.’
Solon


S_engineer

join:2007-05-16
Chicago, IL
reply to SilenceGold
his war huh...his and the 294 house representatives as well as 77 (29 democratic) senators that voted for it!~


SilenceGold
Premium
join:2003-07-31
Benton, AR
reply to Vertickle
Not acceptable.

I meant the Iraq war..not the Afghanistan war. Our war is the Afghanistan war while Iraq war is Bush's.

Anyways, this is off subject..let's go back and stay on the subject.


S_engineer

join:2007-05-16
Chicago, IL
·Comcast

said by SilenceGold See Profile :

Not acceptable.

I meant the Iraq war..not the Afghanistan war. Our war is the Afghanistan war while Iraq war is Bush's.

you said it...and I meant the Iraq war too...read it and weep »archives.cnn.com/2002/ALLPOLITIC···iraq.us/

Not that our discussion is out of sequence are you happy?


GOLFnSUN
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
·Comcast

reply to SilenceGold
said by SilenceGold See Profile :

Not acceptable.

I meant the Iraq war..not the Afghanistan war. Our war is the Afghanistan war while Iraq war is Bush's.

Anyways, this is off subject..let's go back and stay on the subject.
You mean after you took it off subject after you got your cheap shot in?
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SilenceGold
Premium
join:2003-07-31
Benton, AR
No.

I have already requested for a mod to move those posts over to a new thread so I can continue discussing (or debate rather).

For now, I'm refraining from making the posts until the move has been made.


S_engineer

join:2007-05-16
Chicago, IL
you start by making a wrong statement and then request to have them all removed.....wow. shows where your brass is!

Nothing like lettin g the facts get in the way of a discussion huh!~!!!!

*%^#@(*

Airwolf7
Premium
join:2004-12-12
Franklin, KY

1 edit
reply to SilenceGold
SilenceGold, Irregardless of your political party or opinions about "The War" it is our War because we are paying for it.

I'm assuming that you are a taxpayer, is that correct?


gaforces
United We Stand, Divided We Fall

join:2002-04-07
Santa Cruz, CA
·Cruzio Internet


1 edit
reply to S_engineer
said by S_engineer See Profile :

his war huh...his and the 294 house representatives as well as 77 (29 democratic) senators that voted for it!~
"Yellow Cake! Yellow Cake! Yellow Cake! Aroooooooooo" cried the wolf.


gaforces
United We Stand, Divided We Fall

join:2002-04-07
Santa Cruz, CA

1 edit
reply to SilenceGold
Just do it here, the auction is boring and wont be final for weeks.


S_engineer

join:2007-05-16
Chicago, IL
·Comcast

reply to gaforces
said by gaforces See Profile :

said by S_engineer See Profile :

his war huh...his and the 294 house representatives as well as 77 (29 democratic) senators that voted for it!~
"Yellow Cake! Yellow Cake! Yellow Cake! Aroooooooooo" cried the wolf.
Free health care, free health care, free health care....alll I need is your vote!!! Arooooooooooooo


gaforces
United We Stand, Divided We Fall

join:2002-04-07
Santa Cruz, CA
·Cruzio Internet

said by S_engineer See Profile :

said by gaforces See Profile :

said by S_engineer See Profile :

his war huh...his and the 294 house representatives as well as 77 (29 democratic) senators that voted for it!~
"Yellow Cake! Yellow Cake! Yellow Cake! Aroooooooooo" cried the wolf.
Free health care, free health care, free health care....alll I need is your vote!!! Arooooooooooooo
Don't forget Change, "Cause it's different!"
--
‘Do ye, quieting in your bosoms your strong hearts,
Who of many good things have had your fill even to surfeit,
With what is moderate nourish your mighty desire; for neither will
We yield, nor shall you have all else as you wish.’
Solon


BF69

join:2004-07-28
Camden, TN

reply to S_engineer
said by S_engineer See Profile :

his war huh...his and the 294 house representatives as well as 77 (29 democratic) senators that voted for it!~
I hate to break it to you but the last time Congress actually delcared war was in 1941.


gatorkram
Spelling and Grammer impared
Premium
join:2002-07-22
Winterville, NC
clubs:
reply to S_engineer
Did someone say free cake, or did I read that wrong..

I want free cake..


S_engineer

join:2007-05-16
Chicago, IL
reply to BF69
I stand corrected..."War Resolution"
Forums » 700Mhz Auction Nets $2.78 Billion On First Day
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