It's a good day to be an American. BBC News reports that the FCC has just sent in a plan to congress based around the establishment of nation-wide high speed broadband. The report states that roughly 100 million Americans are without broadband at home. Since broadband is "absolutely necessary" (according to former FCC chairman Reed Hundt) we cannot let the current status quo stand.
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The FCC is looking to deliver speeds of 100 Mbps. Since the current average speed is 4 Mbps, this would represent a substantial boost. This is obviously a very ambitious plan, and one that will not be cheap to carry out. $350 BILLION freaking dollars is the estimated cost.
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Some of that money (a "mere" 7 billion) will come from the President's 2009 stimulus package. Another chunk will be taken care of by an auction of 500 Mhz of spectrum. Most of the burden, though, is sure to fall on the tax-payers.