David Dayen

If passage of the Infrastructure Investment and Jobs Act leads to even a significant portion of President Biden’s Build Back Better agenda through budget reconciliation, it will herald a new age of government investment and intervention in the economy, and a reversal of decades of pullbacks in public spending. On the surface, a $65 billion investment in broadband, with an emphasis on getting low-income and rural households connected and closing the digital divide, is an unalloyed positive.