Tag Archives: socialism

Republican Role Reversal: Defending TVA (once it was ‘creeping socialism”)

By Matthew Daly, Associated Press
WASHINGTON — In a political role reversal, Republicans are blasting President Barack Obama’s plan to consider selling the Tennessee Valley Authority, an icon of the New Deal long targeted by conservatives as an example of government overreach.
Obama’s 2014 budget proposal calls for a strategic review of the TVA, the nation’s largest public utility with 9 million customers in seven states from Virginia to Mississippi.
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.

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