Field a military
Fund infrastructure(highways and bridges)
Social Security/retirement funding
Funding of arts/public television
The FCC option could use some clarification, as they have no business regulating content, and every right to regulate bandwidth and broadcast strength. To use a quick but possibly weak analogy, they can regulate the roads, but not where I decide to drive. I think the FCC has legitimate business to conduct, but none of it is in the realm of content.