In all of the hue and cry about chained CPI in the president's proposed budget, one item has escaped scrutiny. The budget considers selling part or all of TVA, the country's largest publicly owned utility. The Tennessee Valley Authority was part of FDR's "100 Days." It was quickly enacted after candidate Roosevelt had charged:
that private utilities had "selfish purposes" and said, "Never shall the federal government part with its sovereignty or with its control of its power resources while I'm president of the United States."