Friday, June 5, 2009

State of California deficit makes case for sensible broadband stimulus and fast deployment - Broadband Nation

June 5, 2009

As California and most States face similar challenges it boggles the mind that these agencies and officials continue to follow the same flawed bureaucratic processes that got them in this situation in the first place. And even if Wall Street and the federal government continue to bail these states out how long can this last?

As we are experiencing the worst economic downturn since the Great Depression the Telecom and Cable Industries seem to be flying under the radar. The government continues to bail out large financial, insurance institutions and auto makers, promising that these bail outs will get these companies back on their feet. Does anyone truly believe this...?