Comment Re:So much winning (Score 1) 143
Not to be snarky but i think you need to reread the summary. The author's claim is based on electricity generation, meanwhile as the summary points out the Trump administration is canceling massive amounts of new power projects. Trump of course isn't the source of all of this problem but the claim is that he's very actively making it worse.
No question about that. On the flip side, I'd argue that those power projects are corporate welfare, making the entire country pay for power generation that is used by only a small percentage of the country, for the primary benefit of a few power companies that happen to get the grants. I'm not sure that's really a good use of government resources. Power companies should pay for their own construction, or else they should have to pay back the money to the people with interest.
One of the biggest fiscal mistakes in our country's history was spending so much money to build private power and communication infrastructure with public funds. If the government pays for it, the government should own it and lease it out for public benefit without taking a profit. When our government has done it this way — various municipal fiber projects, TVA, etc. — the results have been high levels of efficiency at a low cost. When our government has done it the other way, the results have been monopolies that have to be broken up.
Cancelling projects is frequently stupid because of sunk costs, and I would bet good money that the current administration did not do adequate analysis to determine whether this is the case, because they have a long history of failing to do so, but that doesn't mean that they aren't right to question that spending.
What we need is a few dozen clones of TVA in various regions of the country, operating in a not-for-profit fashion as a government-owned corporation to build and maintain power infrastructure. Federalize as much of the infrastructure as possible, make all future construction paid for by the government be done through one of those companies so that private companies don't solely reap the benefits, etc.
The real problem is that Republicans scream "Socialism", so Democrats try to work around it, and the result is corporate welfare, where everything is as inefficient as possible.