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Obama Budget Calls for Privatizing the Tennessee Valley Authority
Reason.Com ^ | Apr. 13, 2013 | John K. Ross

Posted on 04/14/2013 5:41:43 PM PDT by JerseyanExile

President Obama’s proposed 2014 budget includes an item free marketeers can rally behind: “reducing or eliminating” the federal government’s role in the Tennessee Valley Authority (TVA), the nation’s largest publicly owned utility.

Naturally, both of Tennessee’s Republican senators oppose the proposal.

Via Bloomberg News:

“The odd thing is that a bunch of Rs are defending the most liberal, collectivist, state-managed thing ever undertaken in the United States,” said [Mike] McKenna, [a Republican energy lobbyist] whose clients include the Atlanta-based utility Southern Co. (NSC) that could benefit from a sale of the TVA, in an e-mail. “TVA was the brainchild of the near-communists in the Roosevelt administration.”

Senator Lamar Alexander, a Tennessee Republican who opposes government subsidies for energy production, called the proposal “one more bad idea in a budget full of bad ideas,” in a statement. He said the sale might lead to higher energy costs for his constituents without providing much money to the U.S. to pay down the debt.

…Consumers in Alabama and Tennessee, the TVA’s largest service areas, pay less for electricity than the national average, according to U.S. Energy Information Administration.

(Excerpt) Read more at reason.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: Tennessee
KEYWORDS: tva

1 posted on 04/14/2013 5:41:43 PM PDT by JerseyanExile
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To: JerseyanExile

Which of his supporters stands to make millions in this?


2 posted on 04/14/2013 5:49:06 PM PDT by Rebelbase (1929-1950's, 20+years for full recovery. How long this time?)
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To: JerseyanExile

what is wrong with these “republicans”


3 posted on 04/14/2013 5:49:41 PM PDT by yldstrk (My heroes have always been cowboys)
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To: JerseyanExile

4 posted on 04/14/2013 5:51:51 PM PDT by 4Liberty (Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
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To: JerseyanExile

Wendell Willkie proposed to electrify the valley. FDR wanted government to do it and reap the political profits.


5 posted on 04/14/2013 5:51:52 PM PDT by Jacquerie (How few were left who had seen the republic! - Tacitus, The Annals)
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To: JerseyanExile

Reagan pushed for that and the ‘rats went nuts! Think that they’ll go “nuts” now?


6 posted on 04/14/2013 5:53:32 PM PDT by meyer (When people fear the government, you have Tyranny)
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To: meyer

They have been nuts ever since.


7 posted on 04/14/2013 5:54:25 PM PDT by cableguymn (The founding fathers would be shooting by now..)
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To: JerseyanExile
The one thing that the government has really been successful at, and they want to dump it. TVA users do pay less, and we get good service.
8 posted on 04/14/2013 5:54:36 PM PDT by Coldwater Creek (He who dwells in thee shelter of the Most High will rest in the shadows of the Almighty Psalm 91:)
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To: yldstrk

There is nothing wrong with the Republican Senators on this issue. TVA works for us Southerners.


9 posted on 04/14/2013 6:02:12 PM PDT by Coldwater Creek (He who dwells in thee shelter of the Most High will rest in the shadows of the Almighty Psalm 91:)
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To: yldstrk

Simple. Sell public property and then tax it.


10 posted on 04/14/2013 6:02:45 PM PDT by LoneRangerMassachusetts (The meek shall not inherit the Earth)
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To: JerseyanExile

Kabuki budget item... LOL!

Just in there to mess with opponents of socialism.

Good job done by the editors of the Knoxville News Sentinel: http://www.knoxnews.com/news/2013/apr/14/editorial-privatizing-tva-bad-idea-for-region/?comments_id=2608280

The editors expand in the comment section.


11 posted on 04/14/2013 6:02:50 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: 4Liberty

I thought Michigan went “Right to Work” last year.


12 posted on 04/14/2013 6:09:09 PM PDT by Dr. Sivana (HRC:"Sometimes she looks like a primary schoolgirl and sometimes a pensioner going shopping,"-NKorea)
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To: JerseyanExile

Reagan had suggested privatizing the TVA and was killed for it.


13 posted on 04/14/2013 6:09:53 PM PDT by Dr. Sivana (HRC:"Sometimes she looks like a primary schoolgirl and sometimes a pensioner going shopping,"-NKorea)
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To: Rebelbase

Yeah, I’d have to know a lot more about it. Given the way Obama has behaved so far, he just wants to put it in private hands and then sic the EPA on them.


14 posted on 04/14/2013 6:16:29 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Dr. Sivana

Michigan and Indiana are RTW with Wisconsin being somewhere in between.


15 posted on 04/14/2013 6:20:35 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Coldwater Creek
The one thing that the government has really been successful at, and they want to dump it. TVA users do pay less, and we get good service.

Help me out here...

1. Do consumers buy their power direct from the TVA?

2. Or do private/public utilities serve the consumers and buy their power from the TVA?

16 posted on 04/14/2013 6:21:29 PM PDT by okie01 (The Mainstream Media: IGNORANCE ON PARADE)
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To: Coldwater Creek

Just as the electric coops run more cheaply and provide better service for us in Missouri.


17 posted on 04/14/2013 6:22:53 PM PDT by Eric in the Ozarks (NRA Life Member)
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To: Rebelbase

Sounds good unless S0r0$ is to be in charge.


18 posted on 04/14/2013 6:23:37 PM PDT by Paladin2
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To: Coldwater Creek
Take note of this: Our platform for the office of President calls for..."A publicly owned giant power system under which the federal government shall cooperate with the states and municipalities in the distribution of electrical energy to the people at cost."

That is from the Socialist Party of America, 1928.

19 posted on 04/14/2013 6:24:20 PM PDT by Michael.SF. (Obama lied, Stevens died.)
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To: Rebelbase

Good point ol’friend!


20 posted on 04/14/2013 6:25:16 PM PDT by Michael.SF. (Obama lied, Stevens died.)
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To: Coldwater Creek

A great part of
TVA was taken from the Southern Co, or forerunner. The history of the So. Co. was on a while back and showed a lot about this. Also I think this is the reason for Wendell
Whilky (sp) political goings on.


21 posted on 04/14/2013 6:25:59 PM PDT by TweetEBird007
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To: Coldwater Creek

I suspect that the TVA is (heavily) subsidized by the rest of America.


22 posted on 04/14/2013 6:27:10 PM PDT by Paladin2
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To: Coldwater Creek

now looky here, most dictators want to socialize industry, here is one who wants to privatize something unfrickin believably


23 posted on 04/14/2013 6:27:44 PM PDT by yldstrk (My heroes have always been cowboys)
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To: Rebelbase

Frankly, I think that the whole purpose of the sudden “sell TVA” thing was to “encourage” Lamar! RINO Alexander and Bob RINO Corker to vote against the firearms filibuster. Lamar’s been in favor of keeping TVA where it is, so he was susceptible to influence.


24 posted on 04/14/2013 6:28:24 PM PDT by meyer (When people fear the government, you have Tyranny)
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25 posted on 04/14/2013 6:32:19 PM PDT by RedMDer (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
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To: 4Liberty

You need to update your map...Wisconsin and Michigan are both right to work states.


26 posted on 04/14/2013 6:41:55 PM PDT by petenmi
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To: meyer

Lamar is in favor of keeping HIMSELF where he is.


27 posted on 04/14/2013 6:46:24 PM PDT by VerySadAmerican
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To: okie01

Number two.


28 posted on 04/14/2013 6:49:06 PM PDT by Coldwater Creek (He who dwells in thee shelter of the Most High will rest in the shadows of the Almighty Psalm 91:)
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To: Rebelbase

I was thinking it sounded like a good idea, but you raise an excellent point!


29 posted on 04/14/2013 6:58:26 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: VerySadAmerican
Lamar is in favor of keeping HIMSELF where he is.

Yep!

Though he should have thought about that before he decided to vote against the filibuster. People in TN are genuinely ticked off at him for that. It's like the last straw in a series of "liberal-lite" moves that he's made over the years.

People know that the second amendment is the only teeth they have against tyranny.

30 posted on 04/14/2013 7:09:40 PM PDT by meyer (When people fear the government, you have Tyranny)
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To: Coldwater Creek
I wonder what the TVA's balance sheet and P&L actually look like.

It's a cinch that virtually all of their capital assets -- dams, hydroelectric plants, distribution systems, etc. were originally paid for with taxpayer dollars.

Are those assets being amortized in their accounting? Were they ever? Or are they carried for "free"?

In any event, if the TVA is selling their power to public/private utilities who are re-selling it to the end-user, why is it not feasible for the public/private utilities to acquire these assets...and maintain their current rates?

Because, if they have to raise the rates, it suggests that the TVA was selling the power for less than it really cost. In which case, the below average rates you have enjoyed were subsidized by every taxpayer in the country (including yourselves).

Moreover, have you ever known of a federal government enterprise that was a.) managed effectively and b.) run efficiently? I say any federal government enterprise?

It strikes me that, if you can find it in the Yellow Pages, the government has no business doing it.

31 posted on 04/14/2013 7:15:06 PM PDT by okie01 (The Mainstream Media: IGNORANCE ON PARADE)
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To: JerseyanExile

So doesn’t TVA also control most of the lakes round TN/AL?


32 posted on 04/14/2013 7:15:54 PM PDT by pnz1
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To: meyer
Actually, Goldwater proposed this in 1964. He was of course ridiculed by leftists. Funny to see all the leftist whiners here pumping to keep the socialist TVA as is.
33 posted on 04/14/2013 7:16:55 PM PDT by hinckley buzzard
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To: JerseyanExile
"Turd, meet punch bowl!"
34 posted on 04/14/2013 8:18:19 PM PDT by The Duke (We don't rent pigs, but apparently we *do* ELECT them.)
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To: JerseyanExile

yeah, this doesn’t pass the smell test.

Obamugabe’s “motivation” for this kind of behavior is NOT based on a sudden love for capitalism. Instead, he either wants to unload something for his buddies, OR he wants to let the private sector do the heavy lifting so that he can take it away again.

Has anyone here ever read Amity Shlaes account of the TVA’s creation in “The Forgotten Man”? Fairly amazingly unconstitutional action on FDR’s part.


35 posted on 04/15/2013 2:15:58 AM PDT by SoFloFreeper
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To: yldstrk

what is wrong with these “republicans”


Nothing. If 0bama wants it, it’s bad. We may not know why yet, but we know zer0’s record...


36 posted on 04/15/2013 5:48:34 AM PDT by Peet (Come back with a warrant.)
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To: Coldwater Creek
TVA users do pay less, and we get good service

Well, maybe thats because someone else is kicking in. Let the users fully fund it by privatizing it or turning it into a giant private co-op.

37 posted on 04/15/2013 5:50:38 AM PDT by GeronL (http://asspos.blogspot.com)
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To: meyer
I think Barry Goldwater proposed privatizing the TVA already.

I remember reading about an old lady who was voting against Goldwater because he was going to take away her TV. They tried to explain to her that he was talking about the TVA, not a TV, but she wasn't taking any chances.

38 posted on 04/15/2013 8:23:03 AM PDT by Verginius Rufus
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To: SoFloFreeper
Instead, he either wants to unload something for his buddies, OR he wants to let the private sector do the heavy lifting so that he can take it away again.

OR he wants to divide conservatives in TN (Al Gore's state) over the issue which fits his MO.

To use an energy issue to muddy the waters in the state which produced the global warming fraudster is undoubtedly the goal.

39 posted on 04/15/2013 11:21:45 AM PDT by what's up
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To: Coldwater Creek

No surprise. Southerners like socialism (social security/Medicare) that puts gov’t money in their pockets.

Once again, too many big gov’t “conservatives” on this site


40 posted on 04/17/2013 11:55:45 AM PDT by MadIsh32 (In order to be pro-market, sometimes you must be anti-big business)
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To: MadIsh32

There are also the BUTT WIPES that like to broad brush.


41 posted on 04/17/2013 12:05:50 PM PDT by Coldwater Creek (He who dwells in thee shelter of the Most High will rest in the shadows of the Almighty Psalm 91:)
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To: Coldwater Creek

How on earth is the TVA anything but socialism?


42 posted on 04/17/2013 4:47:06 PM PDT by MadIsh32 (In order to be pro-market, sometimes you must be anti-big business)
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