"Bidenomics' Internet Investment: Wealthy Left-Wing Regions Benefit, Ted Cruz Warns of 'Wasteful' BEAD Spending"

President Biden's $42.45 billion broadband internet investment, part of his "Bidenomics" campaign, is primarily benefiting affluent blue cities and states rather than rural areas as intended, according to a report by Senator Ted Cruz. The report reveals that funding has been allocated to areas with million-dollar residences and beachfront properties, including locations with existing internet access. It also highlights instances of odd distribution, such as allocating funds to areas with no unserved locations or redundant funding. The report criticizes the bias towards fiber broadband and the lack of consideration for alternative technologies. The Biden administration estimates that 8.5 million locations in the US lack internet access.