Broadband Stimulus Could Run As Much As $350 Billion
The Story
According to Reuters, some regulators in the US government expect that broadband stimulus could cost as much as $350 billion. This dwarfs the previously allocated funding of $7.2 billion. This new prediction is the result of several workshops the government held with people inside the broadband industry.
The new report, which admittedly says that broadband stimulus could only run the government $20 billion (still a whole lot of money), doesn’t have any suggestion for how to raise the necessary money. While the information we have is bereft actual numbers or reasoning, it does seem there is a consensus that the infrastructure for broadband is going to cost a whole lot more than $7.2 billion.
Well, Crap
It’s hard to say whether or not this report is accurate as we don’t have any of the information from it. I suspect, however, that it’s off as the people who participated in the panels, the source material for this report, probably came from members of the broadband industry. But other than that, we have no real information other than that if this report is correct, then we’re in a lot of trouble. I don’t think the …