Now, think about what adverse effects such old data could have on justice. For example, let's say a friend of mine from school, who I spent a lot of time talking to on the phone a decade ago, decided this year to become a drug dealer. The government could start investigating me based on this stale data, despite not having any reasonable suspicion that I was involved in any crime.
I think that what we really need is a privacy-oriented phone company built on the model of DuckDuckGo, which doesn't keep any data about customers beyond what's necessary for billing purposes. But maybe the U.S. already has laws that would make such an ethical phone company illegal.