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Workers install turbine housing for the Tennessee Valley Authority’s Cherokee Dam in 1941.
Workers install turbine housing for the Tennessee Valley Authority’s Cherokee Dam in 1941.
(AP)

FINANCIAL TIMES

Selling TVA would leave Uncle Sam no further ahead

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Next he will sell the Lincoln Memorial (and if quantitative easing continues, investors will line up to buy). Barack U.S. President Obama’s budget calls for a “strategic review” of the Tennessee Valley Authority, the public utility created by Franklin D. Roosevelt to bring electricity to rural communities. A good idea, surely. There is no reason for the Feds to be running power plants today. Divest it and (as the budget says) “help put the nation on a sustainable fiscal path”.