The Hill News

Washington has taken over the banks, health care, the college loan industry and now it is targeting the Internet.

The private sector has invested $700 billion into developing the Internet as we know it today. Private companies have transformed it from a dial-up phone technology into an instrument that can share information in real time throughout the world, with no wires attached. 

The development of the Internet has been one of the greatest success stories in recent history â€" accounting for one-sixth of the U.S. economy â€" because it has been allowed to grow without taxes and Washington regulations. Access to information has exploded, prices continue to plummet and new innovations continue to evolve exponentially.

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