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Real change: Take an axe to U.S. budget | mansfieldnewsjournal.com | Mansfield News Journal

Real change: Take an axe to U.S. budget Mansfield News Journal By Ryan Alexander • Minuteman Media • December 30, 2008 The watchword for the recent election was “change.” Considering the mandate for change and soaring costs of a sight-unseen stimulus package, we have listed a few suggestions for agencies that the new administration and Congress should target for reform and increased accountability……………………

Department of Energy

DOE’s Loan Guarantee Program is currently slated to dole out $38.5 billion in loan guarantees to high risk projects like nuclear reactors. The Congressional Budget Office found nuclear loan guarantees have a 50 percent default rate and GAO has warned DOE is not prepared to administer the multi-billion dollar program.

It’s also time for DOE to put the final stake in its international initiative to expand nuclear power and commercially reprocess nuclear waste. Known as Global Nuclear Energy Partnership (GNEP) the program began in 2006 and has continuously been riddled with controversy for its high costs and sketchy details. The National Academy of Sciences has estimated that reprocessing existing domestic nuclear waste could cost more than $100 billion dollars.

Real change: Take an axe to U.S. budget | mansfieldnewsjournal.com | Mansfield News Journal

Tags: nuclear, antinuclear.radioactive, uranium

December 31, 2008 - Posted by Christina Macpherson | Uncategorized