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New US Broadband Projects Get $795 Million In Funding
snydeq writes "The Obama administration has announced nearly $795 million in grants and loans to 66 new broadband projects across the nation. The subsidies — to be doled out by the US NTIA and the US Rural Utilities Service — will bring broadband service to 685,000 businesses, 900 health-care facilities, and 2,400 schools, according to officials. The NTIA will award $404 million to 29 projects, and the grants will finance 6,000 miles of new fiber-optic lines. Most of the money will finance middle-mile broadband network projects. The RUS will award $390.9 million, with $163 million in loans and the rest in grants. Most of the RUS money is focused on last-mile broadband projects."
Yeah right. The tens of thousands of people who would otherwise have starved beg to differ. And we're still living off much of the infrastructure they built.
Nicely cherry picked data. I like how you conveniently left out that the top 10% have seen their income rise from $172,000 in 1980 to $339,000 in 2005 - that's a nice doubling of their income. The top 1% did even better - from $517,000 in 1980 to $1,558,000 in 2005. That seems like pretty good economic progress.
And how did the middle class do? From $51,000 to $58,000. Lower Class? $34,000 to $37,000. Lowest Class? $15,700 to $15,900.
So we know why the top 10% are paying all the taxes: they make all the money. And they pay lower tax rates! From 37% for the Top 1% to 31%, the top 5% from 31.8% to 28.9%.
http://www.econdataus.com/efftax05.html