TVA for Sale ?

billproxs

12 pointer
Nov 1, 2009
3,235
KENTUCKY LAKE
Quote from Wall Street Journal.





The president’s budget proposal says the federal government should consider selling the TVA, the federally owned utility that redefined the Southeastern United States by providing electricity and flood control for rural families and businesses. The agency also had a profound impact on development and settlement patterns in the Southeast.

President Obama’s budget proposal, submitted to Congress yesterday, says the administration “intends to undertake a strategic review of options for addressing TVA’s financial situation, including the possible divestiture of TVA, in part or as a whole.”

The document says the Tennessee Valley Authority has achieved its original purpose as a public agency and now could be moved into private hands as a way to reduce expenses and generate revenue for the government. TVA does not receive federal subsidies, however.

The proposal was news to TVA’s leadership and backers, who said they had no warning it would be in the budget proposal.

Republican Sen. Lamar Alexander of Tennessee condemned the announcement. “This is one more bad idea in a budget full of bad ideas,” he said. “There is today no federal taxpayer subsidy for TVA, period. There is by law no federal taxpayer liability for TVA debt. And after deducting its debt, selling TVA would probably cost taxpayers money.”

TVA provides flood control through a reservoir system and generates electricity (through hydro-electric, coal-fired and nuclear plants) for more than 9 million people in most of Tennessee and parts of Kentucky, Georgia, Alabama, Mississippi, North Carolina and Virginia.
 
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ptbrauch

12 pointer
Nov 10, 2004
11,024
The OC
Wait, what? A democrat wants to privatize a federal agency? You sure that doesn't read "wants to double their size by hiring illegal immigrants and requiring them to unionize"?
 
M

mrdux

Guest
The communist POS said electricity rates would NECESSARILY SKYROCKET. Looks like they are on their way. He'll probably give the TVA to China or the muslim brotherhood.
 

artcarney_agr

Banned
Oct 9, 2007
1,703
The communist POS said electricity rates would NECESSARILY SKYROCKET. Looks like they are on their way.

My thoughts as well.

Besides, I thought portions of TVA were already being given away to other federal agencies, like the Dept. of Agriculture and the Corps. of Engineers.
 

Wildcat

12 pointer
Jan 7, 2002
15,065
Ledbetter, Ky.
" “There is today no federal taxpayer subsidy for TVA, period. There is by law no federal taxpayer liability for TVA debt."

This is the VERY REASON Obama wants to sell it, this way he can tax the hell out of it once it becomes private.
 

raktrakr

Cyber-Hunter
Jan 20, 2002
6,669
central ky
" “There is today no federal taxpayer subsidy for TVA, period. There is by law no federal taxpayer liability for TVA debt."

This is the VERY REASON Obama wants to sell it, this way he can tax the hell out of it once it becomes private.
Good point. By selling, it removes his fingerprints from it when its shut down under private ownership.
 

aceoky

12 pointer
Jul 14, 2003
13,460
W KY
Totally funny how the stanch Obama supporters like to run their mouth telling us "Obama won't take your guns or work on gun control" etc. etc. etc. but WHEN we're right they are so very quiet :D
As the are also on all of these type issues.
 


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