This morning an opinion editorial co-written by Secretary Locke and Larry Summers ran in the Wall Street Journal. It explains the value of opening up additional wireless spectrum for innovation and economic growth.

Read the Ten-Year Plan, the Fast Track Evaluation, and learn about opening up more spectrum.

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Rarely is there an opportunity to simultaneously catalyze private-sector investment, help create hundreds of thousands of new jobs, and increase much needed government revenue. President Obama is seizing just such an opportunity with his commitment to nearly double the amount of available commercial wireless spectrum over the next 10 years. Today, the Department of Commerce's National Telecommunications and Information Administration (NTIA) will take the first step by announcing a plan to free up 115 megahertz (MHz) of spectrum.

Spectrum is fast becoming a pillar of America's digital infrastructure. It has enabled the mobile broadband revolution. All of our smart phones, netbooks, and the "apps" they support depend on the availability of wireless spectrum.

But while demand for America's spectrum resources is increasing at rapid rates—the amount of information flowing over some wireless networks is growing at over 250 percent per year—there has not been a corresponding increase in supply. This congestion has led to more dropped calls and slower data rates.