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fyi > Issues September 8, 2008 IssuesThe Feds have concluded the wireless spectrum auction with $4.25B in bids. Rather than going into general revenue ought not this one time windfall be better spent on a needed project of lasting value? This article Billions needed to fix Canada's electric grid lays out the increasing demands being placed on an Canada's aging electricity infrastructure. Is it not preferable to ensure "generation stations, transmission and distribution lines do not collapse under an exploding demand"? This direction must be considered preferable to providing a government that is leaving the Employment Insurance Fund only $2 billion out of a $56 billion surplus with "a comfortable financial cushion if the country hits any economic turbulence." For this purpose would it not make more sense to place the money into a special emergency fund rather than into “general revenue” to cushion economic turbulence? Could it be that putting the money into “general revenue” is more useful as “financial cushion” with a potential election in mind?
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