Obama Proposal To Sell TVA Blasted By Republicans [View all]

[kentuck]

I'm trying really hard not to criticize this President but sometimes it's like he has no sense of history?


http://www.huffingtonpost.com/2013/04/16/obama-tva_n_3090958.html?ref=topbar

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Selling the U.S-owned power company could reduce the federal deficit by at least $25 billion and "help put the nation on a sustainable fiscal path," Obama says in a budget document.

Not so fast, say GOP lawmakers in the region.

"It's one more bad idea in a budget full of bad ideas," said Sen. Lamar Alexander, R-Tenn., a longtime TVA champion.

"There is no assurance that selling TVA to a profit-making entity would reduce electric bills in the Tennessee Valley, and it could lead to higher electricity rates" for customers in Alabama, Georgia, Kentucky, Mississippi, North Carolina, Tennessee and Virginia, Alexander said.

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