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Reason
Reason
Ronald Bailey

Biden's $42 Billion Broadband Boondoggle

Internet Joe Biden BEAD America

President Joe Biden has rolled out his Broadband Equity, Access, and Deployment (BEAD) plan, which will be subsidized by $42 billion from the Infrastructure Investment and Jobs Act of 2021. That is an obscene amount of money to invest in technology that will be obsolete by the time it's built.

Nailing down internet service statistics is fraught, but let's look at various reports to get some idea of what's happening.

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