Skip to comments.Obama Budget Calls for Privatizing the Tennessee Valley Authority
Posted on 04/14/2013 5:41:43 PM PDT by JerseyanExile
President Obamas proposed 2014 budget includes an item free marketeers can rally behind: reducing or eliminating the federal governments role in the Tennessee Valley Authority (TVA), the nations largest publicly owned utility.
Naturally, both of Tennessees 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 TVAs largest service areas, pay less for electricity than the national average, according to U.S. Energy Information Administration.
(Excerpt) Read more at reason.com ...
Which of his supporters stands to make millions in this?
what is wrong with these “republicans”
Wendell Willkie proposed to electrify the valley. FDR wanted government to do it and reap the political profits.
Reagan pushed for that and the ‘rats went nuts! Think that they’ll go “nuts” now?
They have been nuts ever since.
There is nothing wrong with the Republican Senators on this issue. TVA works for us Southerners.
Simple. Sell public property and then tax it.
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.
I thought Michigan went “Right to Work” last year.
Reagan had suggested privatizing the TVA and was killed for it.
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.
Michigan and Indiana are RTW with Wisconsin being somewhere in between.
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?
Just as the electric coops run more cheaply and provide better service for us in Missouri.
Sounds good unless S0r0$ is to be in charge.
That is from the Socialist Party of America, 1928.
Good point ol’friend!
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.
I suspect that the TVA is (heavily) subsidized by the rest of America.
now looky here, most dictators want to socialize industry, here is one who wants to privatize something unfrickin believably
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.
You need to update your map...Wisconsin and Michigan are both right to work states.
Lamar is in favor of keeping HIMSELF where he is.
I was thinking it sounded like a good idea, but you raise an excellent point!
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.
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.
So doesn’t TVA also control most of the lakes round TN/AL?
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.
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...
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.
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.
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.
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
There are also the BUTT WIPES that like to broad brush.
How on earth is the TVA anything but socialism?