Internet money in U.S. fiscal plan: Wise or waste?

At first glance, perhaps no line item in the nearly $900 billion stimulus program under consideration on Capitol Hill would seem to offer a more perfect way to jump-start the economy than the billions of dollars pegged to expand broadband Internet service to rural and underserved areas.

Proponents say it will create jobs, build crucial infrastructure and begin to fulfill one of President Barack Obama’s major campaign promises: to expand the information superhighway to every corner of the land, giving local businesses an electronic edge and offering residents a dazzling array of services like online health care and virtual college courses.

But experts warn that the rural broadband effort could just as easily become a $9 billion cyberbridge to nowhere, representing the worst kind of mistakes that lawmakers could make in rushing to approve one of the largest spending bills in history without considering unintended results.

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Posted in * Culture-Watch, * Economics, Politics, Blogging & the Internet, Economy, The Fiscal Stimulus Package of 2009