HDTV Almanac - Cable Subsidies: “A Dumb Idea”

[alfredpoor]

If you’re not from the northeast, you may not be aware that New Jersey is in a serious financial bind. The state is facing a $2.2 billion deficit in the current fiscal year that ends in June, and forecasts for next year’s budget predict a staggering $11 billion deficit. So it should come as no [...]

[url=http://www.hdtvmagazine.com/columns/2011/02/hdtv-almanac-cable-subsidies-a-dumb-idea.php]Read Column[/url]

[videograbber]

That's all fine, and I don't disagree with your conclusion about the relative importance of food, etc. vs. cable tv, but I'm sorry...

"[i]The tax raised more than $9 million, but it was never distributed[/i]."

collecting a tax for one purpose, then distributing it for something else is wrong. There's a word for that... oh, yeah, [b]fraud[/b].

- Tim

[alfredpoor]

Tim, fortunately I'm not a New Jersey taxpayer so it's not my ox getting gored (at least not directly). From what I've read, it's not clear on what the state can and cannot do with the revenues, but certainly a lot of people think that it should have been refunded instead of spent. It sounds like it's gone, however, so I suspect that it's a moot question at this point.

Alfred