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700Mhz Auction Nets $2.78 Billion On First Day
Could continue for months....
Though FCC rules prohibit us from knowing who is bidding what amount, more than $2.78 billion in bids have been entered so far in the FCC's 700Mhz auction, reports the NY Times. $1.24 billion was an offering bid for the highly prized "C" block spectrum, which could be used to build a new national wireless broadband network. The bidding process could last months; if the FCC's reserve bid prices aren't met, the spectrum could be re-auctioned without any open-access conditions.
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RouterCab
join:2002-05-08
Sioux Falls, SD

RouterCab

Member

Money?

I was always wondering where this money when to in the US budget? Does the FCC have discretion on the use.... help rural broadband... something positive, or just right back to the Businesses?
gaforces (banned)
United We Stand, Divided We Fall
join:2002-04-07
Santa Cruz, CA

2 edits

gaforces (banned)

Member

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 Member
join:2003-07-31
Canyon Lake, TX

SilenceGold

Premium Member

Re: Money?

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

Lark3po
Premium Member
join:2003-08-05
Madison, AL

Lark3po

Premium Member

Re: Money?

said by SilenceGold:

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.

SilenceGold
Premium Member
join:2003-07-31
Canyon Lake, TX

SilenceGold

Premium Member

Re: Money?

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
Premium Member
join:2007-05-16
Chicago, IL

S_engineer

Premium Member

Re: Money?

said by SilenceGold:

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/AL ··· iraq.us/

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

FFH5
Premium Member
join:2002-03-03
Tavistock NJ

FFH5 to SilenceGold

Premium Member

to SilenceGold
said by SilenceGold:

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?

SilenceGold
Premium Member
join:2003-07-31
Canyon Lake, TX

SilenceGold

Premium Member

Re: Money?

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
Premium Member
join:2007-05-16
Chicago, IL

S_engineer

Premium Member

Re: Money?

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!~!!!!

*%^#@(*
gaforces (banned)
United We Stand, Divided We Fall
join:2002-04-07
Santa Cruz, CA

1 edit

gaforces (banned) to SilenceGold

Member

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

DevlishHusky
join:2004-06-07
New Milford, NJ

1 edit

DevlishHusky to Lark3po

Member

to Lark3po
said by SilenceGold :
I hope the USA gets the money after Bush steps down at the end of his term. Otherwise, more money for his invasion. :/
There. I fixed it for you.

S_engineer
Premium Member
join:2007-05-16
Chicago, IL

1 recommendation

S_engineer to SilenceGold

Premium Member

to SilenceGold
his war huh...his and the 294 house representatives as well as 77 (29 democratic) senators that voted for it!~
gaforces (banned)
United We Stand, Divided We Fall
join:2002-04-07
Santa Cruz, CA

1 edit

gaforces (banned)

Member

Re: Money?

said by S_engineer:

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.

S_engineer
Premium Member
join:2007-05-16
Chicago, IL

S_engineer

Premium Member

Re: Money?

said by gaforces:

said by S_engineer:

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 (banned)
United We Stand, Divided We Fall
join:2002-04-07
Santa Cruz, CA

gaforces (banned)

Member

Re: Money?

said by S_engineer:
said by gaforces:
said by S_engineer:

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!"
xsiddalx
join:2005-03-11
Chicago, IL

xsiddalx

Member

(OT) Re: Money?

said by gaforces:

Don't forget Change, "Cause it's different!"
Votes are selling at the same price as 2000.

Take those rebate checks and run!

gatorkram
Need for Speed
Premium Member
join:2002-07-22
Winterville, NC

gatorkram to S_engineer

Premium Member

to S_engineer
Did someone say free cake, or did I read that wrong..

I want free cake..
gaforces (banned)
United We Stand, Divided We Fall
join:2002-04-07
Santa Cruz, CA

gaforces (banned)

Member

Re: Money?

Once again, they discriminate against us pie eaters ...

Matta
@cavtel.net

Matta to gatorkram

Anon

to gatorkram
Agreed. It could solve world hunger and result in world peace.
88615298 (banned)
join:2004-07-28
West Tenness

88615298 (banned) to S_engineer

Member

to S_engineer
said by S_engineer:

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.

S_engineer
Premium Member
join:2007-05-16
Chicago, IL

S_engineer

Premium Member

Re: Money?

I stand corrected..."War Resolution"

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

1 edit

Airwolf7 to SilenceGold

Premium Member

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?

natter
join:2000-12-18
New Boston, NH

natter to SilenceGold

Member

to SilenceGold
You mean Hillary's healthcare/welfare plan. Need major money for that.
LowRider
join:2006-06-23
Dallas, GA

LowRider

Member

Re: Money?

said by natter:

You mean Hillary's healthcare/welfare plan. Need major money for that.
Yeah its called raise taxs, and put poor people in jail cause they can't afford to work to pay for FORCED health care.

Lark3po
Premium Member
join:2003-08-05
Madison, AL

Lark3po to natter

Premium Member

to natter
Cute sig.

FFH5
Premium Member
join:2002-03-03
Tavistock NJ

FFH5 to gaforces

Premium Member

to gaforces
said by gaforces:

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.

Mike
Mod
join:2000-09-17
Pittsburgh, PA

Mike

Mod

Re: Money?

...which was just given away + 98 billion dollars more to the national debt due to the "stimulus package".
gaforces (banned)
United We Stand, Divided We Fall
join:2002-04-07
Santa Cruz, CA

3 edits

gaforces (banned) to FFH5

Member

to FFH5
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.