The Foundation for Economic Education flags this article from the Monday Washington Times, reporting on the efforts of Republicans [who ought to be ashamed of themselves] to establish federal subsidies for converter boxes that allow digital TV signals to be displayed on an analog set.
Both bills propose to subsidize $40 of the cost of the boxes, which officials believe would run about $50.
I’m no economist, but I can guarantee one thing — the cost of these boxes will not be less than $40, in this scenario. As far as cost to taxpayers — one billion dollars, three billion dollars, what’s the difference, as long as you can watch TV?
