Time For the Tennessee Valley Authority to Go Private
Privatization makes sense. The hard part is working out exactly how to do it.
Recently there was a bit of excitement about the Tennessee Valley Authority (TVA) mention in the President’s Budget (PB). Page 51 of the PB states:
Given TVA’s debt constraints and the impact to the Federal deficit of its increasing capital expenditures, 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.
After the conservatives and libertarians finish cheering and throwing their top hats in the air, there is something important to remember about federal budgets: they are not created equal.
Read the rest at Reason.Org
Ⓐ Steve Ⓐ