By NEMS Daily Journal
Budget Control Act just kicks the can on down
The Budget Control Act of 2011, designed to address an impending default on our national debt and the problem of spending $3.7 trillion per year based on $2.2 trillion in revenue and $1.5 trillion in debt, was supported by all our Mississippi congressional delegation except Rep. Thompson.
The bill was passed under the Pelosi doctrine of crafted in secrecy, rammed through before opposition could develop and see what is in the legislation after it is passed. Who got what?
Obama and the Democrats got their immediate debt limit increase of $2.4 trillion plus an estimated $7 trillion in automatic increases over the next decade – a 50 percent increase in the existing debt. How could that be? The proposed “cuts” are not cuts in existing spending but cuts in the projected increase in future spending.
They got a “Super Congress” that is virtually autonomous in their power over the debt and future tax increases. The voice of the people is effectively silenced in the work of that “Gang of 12.” They get a pass in accountability for deficit spending and debt accumulation in the 2012 election.
The taxpayers got spending cuts in the billions when the annual deficit is $1.5 trillion. It is estimated these spending cuts will result in a $1 trillion reduction the estimated debt of $21 trillion in 2022. We got more secrecy and less accountability in government. We and our descendents got trillions more in debt added to our already huge account. This legislation will probably not keep our national credit rating from being downgraded and the cost of borrowing from escalating. It does virtually nothing to stop out of control spending which is the real problem.
It is the classic case of “kicking the can down the road” and continuing to bury us and our descendants deeper in debt. It does virtually nothing about the government spending 40% more than the revenue it receives. And, it is no reason for Republicans to celebrate when they had to power to refuse a debt limit increase. We are on an unsustainable fiscal path where we can accept some benefit reductions now or an end to government benefits when our creditors say no more borrowing. The one unavoidable fact is the longer we postpone dealing with the deficit spending the worse the consequences for you and me.
Nuclear power offers it all
If you hadn’t already noticed, support for nuclear power is stronger than ever – in the Southeast.
Not since the 1960’s and 1970’s when utilities decided to build the 104 Nuclear plants now operating has there been a burst of activity like the present one, with a considerable growth in the capacity to generate nuclear electricity before the end of this decade.
Today the mounting environmental and energy security issues facing fossil fuels – the only realistic large-scale alternatives – have increased nuclear power’s appeal. Tennessee is nearing completion of a second unit at the Watts Bar nuclear plant. Alabama is moving forward on a partially completed reactor at its Bellefonte plant. Georgia has dug two holes each as big as five football fields for the Vogtle 3 and 4 reactors near Augusta. And preliminary work has begun on the Virgil C.
Summer 2 and 3 units in South Carolina. Florida is not far behind, with funds in the pipeline for two more new nuclear plants.
Moving forward with nuclear power is challenging, yet transformative in ways that will be welcomed. It will put the Southeast in the driver’s seat as industries expand and look for sites to build new manufacturing facilities. Safe and reliable, nuclear power will give our region an edge as companies in the U.S. and abroad make investment decisions.
Additional sources of revenue for financially-strapped state and local governments and millions of new jobs are possible.
Here in the Southeast, we have an incentive to mount a nuclear plant construction program that remains second to none, and specifically to counter the economic pressure coming from China, India and Brazil.
Like all infrastructure improvements, nuclear power has its problems and risks. But the problems with nuclear power do not look so bad when compared with the air pollution, global warming and supply limitations of fossil fuels. By building a second unit at Grand Gulf, Mississippican ease the price pressure on electricity and strengthen our economy and provide jobs.
C.T. Carley, Ph.D.,P.E.
Professor Emeritus of Mechanical Engineering
Mississippi State University
No hunger allowed in our country
It is inexcusable for any man, woman or child to be hungry in this country.
Please read John 21:15-17. Jesus asked Peter three times if Peter loves Him and Peter answers “yes” and Jesus says, “Feed my children.”
The Salvation Army in Tupelo can fill that need for us. Aside from a one time gift for that purpose, they have a Soup & Shelter Club that you can give as little or as much to each month.
Please let not one person in Tupelo go hungry.
Marion D. Linde