Nancy Pelosi Supports Spending $40 Billion to Subsidize Internet Services
If there is one thing Democrats are good at, it's screwing the tax-payers. Time after time, they are made to foot the bill for commodities, with promises of affordability and accessibility through increased government regulation.
We saw this during the Obama presidency when the issue of healthcare was in the forefront of national discussion. Obamacare promised to make healthcare more affordable and accessible. Instead, the opposite happened, with premiums skyrocketing, leaving millions of Americans uninsured. To add insult to injury, 65 million Americans paid $3 billion worth of penalties in 2016 — for being uninsured.
Following in Obama's footsteps, House Minority Leader Nancy Pelosi wants to do the same thing to internet service providers.
From CNS News:
The official statement from leftist Congresswoman Cheri Bustos (D-IL) proposes "to bring high-speed, affordable internet to every American by investing $40 billion in federal dollars to build the kind of broadband infrastructure that will finally connect communities that have been left behind by the big internet service providers."
Of course, the $40 billion price-tag (footed by tax-payer money) is dwarfed by the amount of federal spending that went into Obamacare subsidies, which are projected to top $1.2 trillion by 2025.
Leader Pelosi's motives for backing the internet subsidies may not be as altruistic as she'd like her voters to believe. Between herself and her husband, Nancy Pelosi enjoyed a net worth of over $14 million in 2005. Six years later, that number grew to $94 million.
The vast majority of Pelosi's wealth was accumulated from her investments in the stock market. Nancy holds stock in major internet provider Comcast, while her husband Paul holds stock in AT&T. Pelosi has been previously accused of participating in illegal insider trading — it seems she's right back to her old tricks.
Internet subsidies are being pushed by Democrats as "a better deal." A better deal for whom exactly? Certainly not the tax-payers.
Stay alert. Stay alive.