It’s not misleading. It’s fact. The bias of the author is heavy and apparent, but otherwise factual.
The only reason I posted it because I’m tired of people calling it Obamaphones.
The legislation that makes service providers pay into has nothing to do with Obama.
In the graphic below, look at the increase in the amount spent on this between 2005 where it had been and was around 9 billion a year, then JUST COINCIDENTALLY in 2009 began to increase to double that amount. (This is the same as payouts even though it says "USF Contribution Rates" because these are a direct passthrough in fees to paying customers like me, and I presume, you.
You want to put the blame for this on Reagan and Bush, and (like everything that happens under an administration) they aren't blameless, but calling these Obamaphones makes a lot more factual sense than calling them "Rooseveltphones", "Reaganphones" or even "Bushphones".
Otherwise, how do you explain a rough doubling of payouts since the day Obama took office?