FCC Accused of Doing Poor Job on E-Rate:
WASHINGTON - Lax oversight by federal regulators has helped waste millions of dollars in a government program that aims to connect schools and libraries to the Internet, according to a congressional investigation. The E-Rate program, which is overseen by the Federal Communications Commission, provides discounted Internet access and connection equipment to help expand Internet availability, especially in rural and low-income areas.
But the $2.25 billion program “is extremely vulnerable to waste, fraud, and abuse, is poorly managed by the FCC, and completely lacks tangible measures of either effectiveness or impact,” said a report released Tuesday by the oversight subcommittee of the House Energy and Commerce Committee.
Shocked? Be sure to read ‘Economic Calculation In The Socialist Commonwealth‘ which discusses the theory behind why this will always happen in a regulated economy. Extra credit for reviewing ‘Bureaucracy‘ as well.
