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?
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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