Your indignation should not be directed at Verizon - it should be directed at Washington, DC.
A fun part of this is that the government employees at ARPA back in the 1960s explained it all to us. They firmly rejected building any sort of encryption into the network itself, on the grounds that such software would always be controlled by the "middlemen" who supplied the physical connectivity, and they would always build what we now call backdoors into the encryption. They concluded that secure communication between two parties could only be done via encryption that they alone controlled. Any encryption at a lower level was a pure waste of computer time, and shouldn't even be attempted, because it will always be compromised.
This doesn't seem to have gotten through to many people today, though. We hear a lot about how "the Internet" should supply secure, encrypted connections. Sorry; that's never feasible, unless you own and control access to every piece of hardware along the data's route. And the ARPA guys didn't consider that, because that first 'A' stands for "Army", and they wanted a maximally-redundant, "mesh" type network that would be usable in battle conditions. They went with the approach that you use any kind of data equipment that's available, including the enemy's, and you build in sufficient error detection to ensure that the bits get through undamaged,. Then you use encryption that your team knows how to install on their machines and use. And you probably change the encryption software at irregular intervals.
Anyway, the real people to direct your anger at are the PR folks in both industry and government, who keep trying to convince you that they can supply encryption that's secure. Yeah, maybe they can do that, but they never have and they never will. And the odd chance that they've actually done so in some specific case doesn't change this. The next (silent, automatic;-) upgrade will introduce the backdoor.
Unless you have all the code, compile it yourself, and have people who can understand its inner workings, you don't have secure encryption; you have encryption that delivers your text to some unknown third parties. It's the US government's own security folks who explained this to us nearly half a century ago.