 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | reply to BK
Re: This Program Deserves To Fail said by BK:Umm.. maybe you should do a little research... The money came from auctioning off spectrum to companies. So definitely not taxpayers. Again.
The linked article is stating that the government is being asked to pour more money into this program over and beyond what was original provided by the companies to pay for the coupons.
Again.
The government gets its money from taxpayers.
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Blagojevich / Madoff 2012! |
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 tschmidtPremium,MVM
join:2000-11-12
Milford, NH
kudos:5
 ·Fairpoint Commun..
 ·Hollis Hosting
| said by pnh102: The government gets its money from taxpayers. In most cases yes. This is different.
Government made billions auctioning off RF spectrum. A small portion of those proceeds is being used to fund the Coupon program. The issue is whether or not to increase that amount. It is still much less then what the auction took in. This issue is more of a cash flow problem then a lack of funding. If funding is not increase most likely outcome is a delay in issuing cards. Cards automatically expire and redemption rate has been relatively low. As cards expire and not redeemed new cards can be issued.
If you are arguing government should not have auctioned the spectrum but rather given it away that is a different issue.
Seems to me Cards are true to fundamental notion of fairness. Government reduced private property value by selling RF spectrum. The cards compensate those who have lost private property as a result of this action.
Perhaps I misunderstand your objection. Are you not in favor of private property? Are you not in favor of restitution when government uses its power to take private property away from citizens?
/tom |
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 BF69Premium
join:2004-07-28
Camden, TN | He's just ignorant of the issue. The auction raised $19.6 billion of which $1.34 bill was used for coupons. Even another $1 bil would be NOTHING. especially considering the government was only expecting to get $10 bil in the first place. |
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