» To put this in perspective: If you hop on your iPhone and reload this page roughly 80 times, that’s about a megabyte. If you hop on Pandora and listen to half of a two-minute Ramones song, that’s about a megabyte. When AT&T implemented its capped data plan a year ago, many people were upset about the 2 gig data cap for $25 dollars. Doing the math, that plan is roughly 82 megabytes per dollar. If the half-Euro-per-megabyte roaming price cuts in Europe take hold, those 82 megabytes would cost around $59 U.S. dollars, considering current exchange rates. Now multiply that by 25. Exactly our point.
» A fight that directly affects small businesses: We’ve been to many small businesses in our day that have gone out of their way to avoid using debit cards, specifically for this reason. We’re with them in this case; really high charges for every purchase, even tiny ones, is straight up greedy. Fortunately, a key senator, Dick Durbin, agrees with us: ”Honestly, are we going to stand here and say we can’t protect small businesses across America struggling to survive?” The fight for keeping the fees has bipartisan support; the main guys backing banks in the Senate are Bob Corker (R-TN) and Jon Tester (D-MT). They claim that banks will have to replace the interchange charges with higher fees on consumers. Maybe they should; the benefit to small business as an economic driver makes it worth it.
» Why this is a big deal: Two reasons. First of all, the intelligence spending numbers were never reported during the most recent Bush Administration – this is the first time we’ve gotten new numbers here in nearly a decade. Secondly, the intelligence budget has effectively doubled in the ten years – which makes sense if, you know, you account for 9/11 happening in the meantime. If you’re a high-spending government looking for something to cut to correct years of fiscal irresponsibility, though, this might be a good spot to look.