Originally published: September 23, 2008
Last updated: September 22, 2008 - 9:05pm
[Commentary] In the discussion about government buying bad mortgages to stabilize markets there's been talk about the need for these policies to also address America's infrastructure needs. As we all know, fiber optic networks are the most important and impactful infrastructure of the 21st century. Those countries that get a fiber strand laid to every building are best positioned to drive economic development, find new efficiencies, and open up opportunities to improve all parts of society. As we also know, for around $100-150 billion we could lay that fiber cable to every home in America. We should take $10-50 billion of the hundreds of billions and even trillions that we're using to buy bad debt from and save financial institutions into a fund to wire every rural community in America with a full fiber network.
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- The Insanity That Is The Universal Service Fund
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