Spending like a drunken sailor: Harder than it looks

May 22, 2009

Broadband stimulus dollars are on hold for now. The reason? It is not possible to spend lots of money both wisely and quickly:

One of the federal agencies responsible for administering $4.7 billion in broadband stimulus grants has quietly delayed its plans to approve and distribute money under its program. The National Telecommunications and Information Administration late last week issued a statement noting that it will accept grant applications in September and aims to distribute its first grants in December. However, in a March meeting it had said it hoped to accept grants in April and May and start delivering the first round of funding in June. . .