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« on: February 17, 2012, 1654 UTC »
- The payroll tax exemption would be extended through the end of this year, providing a worker earning $50,000 annually with $1,000 more in take-home pay over that time. The bill would also prevent a reimbursement cut for doctors who accept Medicare - so how are we paying these folks?
- Roughly $1.75 billion will be available for the F.C.C. to compensate television stations that volunteer to give up their spot on the spectrum. The F.C.C., with some restrictions, can also move some stations around on the broadcast spectrum, allowing it to put together packages of contiguous bands of spectrum. Those would be more valuable than scattered pieces and thus should raise more money at auction. - And yet someone elso getting something out of this - again, how are we paying these folks?
- Another $7 billion of auction proceeds will be used to build the public safety network on a block of spectrum that, had it been sold, might have raised another $2.75 billion, according to the Congressional Budget Office’s evaluation of the bill. - More money to spend, the auction kitty should be getting pretty low by now.
- “With 13 million Americans still seeking employment, job creation is a driving force behind efforts to expand wireless broadband,” - Really??? How many of these 13 milion are getting new jobs? And exactly what are these new jobs to be created, how much do they pay, and how many tax dollars will it cost to train these new people?
- Representative Fred Upton of Michigan, chairman of the Energy and Commerce Committee, and Representative Greg Walden of Oregon, who leads a communications subcommittee, said in a joint statement that the bill would be “an economic game-changer.” - And yet another grand campaign slogan "economic game-changer" Got to love it! Yes I'm sure things will be all better once the auction is over. When will anyone get it - 1.build a factory 2. produce a quality product at a competitive price 3. pay a competitive wage so your employees can buy what they and others produce 4. sell the product. I thought Henry Ford covered all this in "Economics 101" about 100 years ago?