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Conservative Daily News - The best news, analysis and opinion articles written by a collection of citizen journalists. Covering a range of important topics in blogs, op-ed, and news posts, these upstanding patriots are bringing back American exceptionalism with every entry..

Stimulus Waste on a Grand Scale

As the select committee argues about how to cut the federal budget, billions of dollars are being wasted on thousands of projects which will do little good for the country as a whole. We, by now, have all heard about Solyndra, LightSquared, Tesla Motors and Fisker Motors.

Another little mentioned sink hole for taxpayer dollars is rural broadband. Louisiana and North Florida have both had their “middle mile” broadband stimulus programs halted by NOAA, the one agency that actually seems to be doing a good job overseeing the various projects it has loaned money to. Louisiana’s 80 million dollar project was halted due to lack of progress, and North Florida’s 30.1 million dollar project because of possible conflicts of interest. The City of Tallahassee was also forced to return the 1.2 million dollars for its broadband project for similar reasons.

Meanwhile, Windstream is busy spending 17.4 Million dollars in Iowa to serve, hold on to you seat, 30 potential customers! This company is also spending $416,000 of our tax money in Mississippi to serve 170 customers. In Kentucky, Windstream received 59.7 million taxpayer dollars to serve 2000 customers. All told, Windstream’s take was 138 million dollars.

Wisconsin returned it’s 23 million dollars, claiming the government had too many strings attached to the money.

While some of these projects make a certain amount of sense, spending 5.2 million taxpayer dollars to serve 80 people and businesses in Alaska seems a little excessive, especially since satellite Internet service is available almost anywhere and as a country our debt is now greater than our gross domestic product. Perhaps this money could have been better spent paying down our massive debt.

In all 7.2 Billion Taxpayer dollars were appropriated for extending broadband into rural areas. So far, 4 Billion of the 4.7 Billion allocated to the BTOP program have been dolled out, and 3.59 Billion has been awarded in the BIP program.

Rich Mitchell is the Sr. Managing Editor of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and google+
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  1. Dj Redman says:

    Excellent points on just how incompetent our big government has become in deciding the best way to spend our tax dollars. Here is another point to ask the taxpayers: Just what have you gotten in return for the approx $160 BILLION TAX dollars Fannie and Freddie have already cost you? Nothing but a basket full of graft, bribery and big bonuses for incompetent thieves running those 2 entities, is all you’ve have gotten. Oh and they just asked for another 6 billion after claiming to have lost 4.2 billion last quarter. The reason Congress does not stop it, is that BOTH parties are sucking the taxpayers for all they can get from the Fannie and Freddie scam.