There's a lot of this going on these days, and not just at the Fed
level. Many states are selling the rights to the future income from the
tobacco settlement and from their toll road tolls. And it's not
ideology, just shortsighted desire by both parties for revenue to spend .
t.piwowar wrote:
On Jun 20, 2009, at 10:46 PM, John Duncan Yoyo wrote:
But the FCC already has sold off the bandwidth. I don't understand
why they
don't lease this sort of thing rather than sell it off wholesale. It
should
be continuing revenue not a one time thing.
Political ideology. Once you sell off a public asset it is hard to get
it back. Recall that RR had a plan to sell off weather forecasting.
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