Madison Ventures Plus managing director Mitch Roschelle discusses the reality of Bidenomics as the White House faces growing criticism over the state of the economy.s multibillion-dollar broadband internet investment meant for rural areas is primarily favoring affluent blue cities and states — even encompassing areas with million-dollar residences and beachfront properties — according to a new report from Sen. Ted Cruz, R.-Tx.
Every state, along with Washington, D.C., and Puerto Rico, received a base amount of $100 million, while the remaining territories were granted at least $25 million each. Texas and California, the two most densely populated states in the country, lead the funding rankings with $3.3 billion and $1.9 billion, respectively.Texas Sen. Ted Cruz releases report on"Bidenomics" broadband internet investment.
Among those unserved locations is the Biden Environmental Training Center, a state-operated facility for conferences, training, and retreats located just 11 miles north of Rehoboth Beach. "As a result, the billions in taxpayer dollars sent to these states will be diverted to purposes other than connecting unserved Americans," Cruz wrote.also favors fiber broadband, also known as fiber-optic broadband, an internet connection that uses fiber-optic cables made of thin strands of glass or plastic to transmit data using pulses of light. It is not an inexpensive feat.
However, the Biden administration's rules do not consider technologies like satellite as a"reliable broadband service."