Friday, April 15, 2011

RUS Broadband Loan Program Victim of Federal Budget Cuts; Politicians appear to be okay with that

Republicans and Democrats make it official: rural Americans are on their own. As they left the capitol, lawmakers from both parties sent an email blast as follows:
Dear Farmers of America,
Sorry, but no broadband for you or your children and schools.
Please keep growing our daily bread.
Thanks...Urban America
Here's the rest of the story:
"As part of a budget compromise reached to prevent a government shutdown, funding for the Rural Utilities Service’s (RUS) rural broadband loan program has been targeted for cancellation. In March, RUS announced it had begun taking steps to make loans available to support broadband deployment in rural areas across the country through its loan program. RUS was expecting approximately $700 million in program level loan authority which would be secured by $68 million in appropriations authorized under the 2008 Farm Bill. The loan authority has now been marked for cancelation by the House Appropriations Committee as part of the recent budget compromise." RUS Broadband Loan Program Victim of Federal Budget Cuts

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