TVA vs Fed Debt

[usranger74]

The Following is a news release from the Tenn. Vally Authority

Fiscal Year 2011 Budget
08-19-2010
Fact Sheet

TVA's Fiscal Year 2011 budget provides $9.6 billion for operating expenses and $2.9 billion in capital projects in a well-balanced plan to meet current and future demand during a period of modest economic recovery and regulatory uncertainty.

++++++++++++++++++++++++++++++++++++++++++++++++++ +++++++

Can you tell me why the US Govt funds TVA to the tune of 12 Billion tax dollars when TVA should be a money making project (they sell electricity)?

Can you tell me why I (from NE) should subsidize the elect. bill of the good folks living in the Tenn. Vally?

And, if they are good enough to get my tax dollars subsidizing there elect. bill, why can't we (in NE) get the same deal?

Let's get real about the Fed Budget/debt. Sell off TVA and help pay down the US Debt. and save 12 Billion tax dollars/yr.

Let the good folks of the TN Vally pay the fair market valley for what they use and OBTW the same is true for those folks living in the west and getting subsidized elect. from BOR.

And, before I get jumped on to bad, I am willing to make a deal, I will throw in farm subsidies and subsides for corn gas to make this deal and save USA Billions of dollars/yr

I refuse to believe we can not reduce US Govt spending by a large factor.

And, OBTW, the Director of TVA makes $3.8 million/yr. Not a bad Govt gig. Compare that to the Sec. of Defense who get less than $200,000 and ask your self, which one does the USA really need? :(" title="" border="0"/>

[ringadingh]

You wonder who thinks of these great ideas. ;)
We have a debt reduction charge on our hydro bills, to pay off the debt that was incurred by incometent CEO's making millions a year in salary. And our cable bill has a fee for developing new technology added to it so the cable company can can charge us more every month as well while they try to stay current. I thought that was what competition was for.

[cactusjack]

Ever read your phone bill closely? Look at all the different charges and taxes they stick us with. We have been subsidizing rural telephone service for decades.

[Dave]

Cactusjack,

Why do you have a picture of BD for your avatar?

[AlabamaNomadRider]

Bill, by the looks of my electric bill here in the Tennessee Valley I thought I was paying part of your bill. Believe me our rates are just expensive as anyone's. You being from Tennessee originally know that first hand.

As far as the government getting out of debt and balancing the budget, that just isn't something they want to do. We have owed money for so long the country couldn't work properly if we owed no money.

[waterman]

Bill,

Take a look at this.

http://www.tva.gov/abouttva/keyfacts.htm#howfunded

It may be an appropriation since it is owned by the government but what is not shown is the income.

[waterman]

Originally Posted by Dave

Cactusjack,

Why do you have a picture of BD for your avatar?

Nothing like a thread change.

Actually I thought that it looked like --- oh wait -- a bird. ::)

[usranger74]

Originally Posted by waterman

Bill,

Take a look at this.

http://www.tva.gov/abouttva/keyfacts.htm#howfunded

It may be an appropriation since it is owned by the government but what is not shown is the income.

Yes, they make money but they are not making enough. Let them be like Duke Power and not take 12 Billion form USA tax payers. Their income should cover their expenses not their expenses plus 12 Billion.

And, I am under no illusion that many facets of our existences is now subsidized by Uncle Sam.

Many of us (many of you) want to see the Federal Debt stop growing. To do that I am under no illusion that there will be no pain or sacrifice. There will be and the longer we wait to do what has to be done, the more pain there will be.

The Federal Govt with it $$$ payouts of many different kinds, is like a drug dealer. Now it has the US hook on the drug of money. Using money, they have wormed their way into all of our lives and many of our livelihood. And, like a drug dealer, we think we need them because we are hooked on the drug (money) they peddle.

Like many of my fellow Tennesseans, my political leaning is conservative with at bent toward less taxes and smaller and less intrusive govt. And, all my life it has beat the hell out of me how those fellow Tennesseans can support TVA on one had and tell me on the other they are not liberals who want USA to be like France.

You want a smaller Federal Govt, a more effective Federal Govt. and more affiance Federal Govt and a Federal Govt that lives on what it takes in (like most of us) then there is going to be pain because that means the drug of money will stop flowing like it does now.

Ok, that is my rant for the year. Now, back to planning my MC trips for the year ;)

[BudMan]

Bill your right. Americans need to "Kick the Habit"

[AlabamaNomadRider]

The way the article Joel posted they no longer receive money from the government unless I read it wrong. They do however receive money from me.

[usranger74]

Originally Posted by AlabamaNomadRider

The way the article Joel posted they no longer receive money from the government unless I read it wrong. They do however receive money from me.

Pls look again. They get 12 Billion $$$. They just don't get as much as they use to.

TVA Press Release follows:

Fiscal Year 2011 Budget
08-19-2010
Fact Sheet

TVA's Fiscal Year 2011 budget provides $9.6 billion for operating expenses and $2.9 billion in capital projects in a well-balanced plan to meet current and future demand during a period of modest economic recovery and regulatory uncertainty.

[AlabamaNomadRider]

Maybe I read the link that Waterman posted. I will check it out again. Just looked like they are paying their way now with my dollars and many thousand others living in the Tennessee Valley.

[usranger74]

Originally Posted by AlabamaNomadRider

Maybe I read the link that Waterman posted. I will check it out again. Just looked like they are paying their way now with my dollars and many thousand others living in the Tennessee Valley.

Gene - I have follwed this issue for 35 yrs. I can assure you, they are taking tax dollar and billions of them/yr.

[AlabamaNomadRider]

I don't track it Bill. I just pay the electric bill when it comes in. My last bill was $250 and that was a jump from my previous bill of about $180. I can remember a time if my bill was over $5.00 I would scream bloody murder. Of course we cooked with gas and had gas water heater at the time.

Not to get off the subject but noticed where the producers of ethanol are going to get several billion dollars. Looks like the ability to buy just gas is going to be a thing of the past. If the government would quit subsidizing any and everything we would be a lot better off. Let all of these industries and companies pay their own way. The country just can't afford it.

[usranger74]

Originally Posted by AlabamaNomadRider

I don't track it Bill. I just pay the electric bill when it comes in. My last bill was $250 and that was a jump from my previous bill of about $180. I can remember a time if my bill was over $5.00 I would scream bloody murder. Of course we cooked with gas and had gas water heater at the time.

Not to get off the subject but noticed where the producers of ethanol are going to get several billion dollars. Looks like the ability to buy just gas is going to be a thing of the past. If the government would quit subsidizing any and everything we would be a lot better off. Let all of these industries and companies pay their own way. The country just can't afford it.

Gene - I could not agree more. And, good night!! Roll Tide