Use by executive land holding agencies. In your opinion do you believe that gsa has done everything in its power to give life to the directives embodied in section 6409 which you referenced in your testimony of middle class tax relief act . Have they done everything they can . Mr. Chairman, i do not believe they have. As a matter of fact, im a former administrator myself of the federal agency and if i had implemented something too poorly that congress instructed me to do id be embarrassed. Theres an executive order by the president of the United States correcting gsa to move faster to get these contracts together and to date nothing has been done. Three years after Congress Enact this legislation, progress has been slow gsa hasnt been proactive. Proactive. I think our members are having to negotiate for each and every site individually just as they have in the past. Gsa has not implemented the intent of congress and we cant wait three more years for whats needed i think today. Theres a
The obvious infrastructure deployment requires the expectation of a healthy return on capital. That should be taken as a given but all too often in my experience the issue of return on capital is either ignored or misunderstood in policy forums. Its not a matter of whether a business is or isnt profitable. It is instead a matter of whether a business is sufficiently profitable to warrant the high levels of Capital Investment required for the deployment of infrasfrur. We that in mind, in 2014, the Largest Companies in the cable industry earned a very healthy return. The physical assets of comcast, time warner cable, charter and cablevision, the four publicly traded Cable Operators in 2014 all earned healthy returns in excess of their cost of capital with returns ranging from 13 to 33 . Those returns were unusually high for a capital intensive industry. On the other hand it should be noted the cable industry earned returns below the cost of capital for decades. Any longterm return on Net
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