$8.3 billion in loans

[Fez Hammersticks]

For nuclear reactors

President Obama announced $8.3 billion in federal loan guarantees Tuesday to help finance the first new nuclear reactors in the U.S. in nearly three decades, stoking hopes in the industry that a nuclear renaissance will take hold.
The guarantees will help fund two reactors in eastern Georgia which, if licensed and built, could begin running in 2016 and 2017, supplying electricity to 1.4 million people.

More money is coming. The Department of Energy has $18 billion to dole out, and Obama, in his 2011 budget, asked that the number be tripled to $54.5 billion, enough to help fund six to 10 reactors. Obama says more nuclear power, which doesn't emit greenhouse gases and produces 20% of the nation's electricity, is needed for the U.S. to meet greenhouse gas emission goals and keep pace with others, such as China, Japan and France, which are investing heavily in nuclear.

LINK​

Spend, spend, spend, spend....

 

[Eastoff]

I'm just curious if you think the bush tax cuts helped our economy out? Save, save, save! Don't put any money back into the system!

 

[Denny Crane]

http://sportstwo.com/forums/showthread.php?t=154415

 

[MrJayremmie]

Not a fan of the spending or the nuclear reactors... but it is better than other things he has spent money on. At least this will create some jobs and help with our energy needs (though I don't think nuclear is the answer at all).

 

[BLAZER PROPHET]

Obama punished companies who use or sell coal & oil, but promotes those making nuclear fuel and nuclear waste. Clearly, I'm missing something here.

 

[maxiep]

I'm just curious if you think the bush tax cuts helped our economy out? Save, save, save! Don't put any money back into the system!

The economy grew for 28 straight quarters under the Bush Administration.

And for the record, you can put money back into the system and not do it through the government. It's called private investment.

 

[maxiep]

[video=youtube;HlTxGHn4sH4]

 

[maxiep]

For the record, I'm all for nuclear power plants from coast-to-coast. I'm also for developing clean coal technology. The scrubbers are expensive, but given enough scale, the costs can come down.

Mostly I'm for energy independence. And I think the "green" jobs line is complete bullshit. Solar, wind, geothermal, etc. on a large scale is all crap. We have resources and we should use them.

The problem with nuclear is that those plants will never get built. They'll push dirt from one side of the site to the other, but regulatory hurdles and legal challenges will stop them from getting underway.

 

[blazerboy30]

I'm just curious if you think the bush tax cuts helped our economy out? Save, save, save! Don't put any money back into the system!

 

[TradeNurkicNow]

when i saw the title of this thread i thought it was about my college loans