I wrote the legislation that directs the federal government to auction to the private sector 800 MHz of spectrum for private sector investment. What does that mean? Number one, That will generate in excess of $100 billion of revenue to the federal government. Wow. Real money. Now, even in government terms, $100 billion is real money. And listen, you and I are deeply concerned about the deficit and the debt. (35:38–35:46)
CLAIM
Asserts that the spectrum auction will generate over $100 billion in revenue for the federal government.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
