What will Texas do about the outrageous electric bills?

[edhopper]

Depending on how wide spread these enormous bills are, Abbott and the GOP will be facing a lot of angry Texans.
The way I se it they can do three things.

1. Stay true to their laissez faire, capitalist ideology and do nothing, let the market place handle it. Of course they don't really believe in that shit and probably can't tell everyone to suck it up.

2. Legislate the lowering of the bills and tell the power companies they can't have the money. Yeah sure, regulate the market. Ha!

3. Set up a fund and use State money to pay for anything over a certain dollar amount. Sounds more like it, public dollars to private corporations, that is the GOP way.

[Laelth]

1. The Texas taxpayer will foot the bill, naturally.

Socialize losses and privatize profits—it’s the Texas Republican way!



-Laelth

[LiberalArkie]

19. There isn't an income tax in Texas.

[Laelth]

20. Nope.

Sales taxes, energy taxes, and extraordinary sin taxes (tobacco, gambling—the Texas lottery, and alcohol) will close the gap and insure profits for our private energy-producing companies.

Happy day!



-Laelth

[sarcasmo]

2. Jerry Jones will take every penny.

[Deacon Blue]

3. And Sleep an Untroubled Sleep

[edhopper]

4. He got

$300 million for his Stadium, so why not?

[Laelth]

21. As many as he can, to be sure. n/t

-Laelth

[mucifer]

5. I bet the federal government will somehow pay for a bunch of it

Dems frequently bail out repub states.

[Midnight Writer]

18. Yep, you and me will end up paying the bulk of it.

The only people who will not suffer a bit is the oligarchs that are profiting from the crisis they made.

[Cartoonist]

6. Option 4

Make it easier for citizens to declare bankruptcy.

[onecaliberal]

7. Tax payers will be on the hook.

[brewens]

8. #3. The "former guys" bailout of the soy bean farmers was more about the big agricorps getting paid.

Farmers no doubt owed more of that money than they got to keep, even if some came out pretty well.

[LizBeth]

9. I have been asking this since yesterday all over twitter and FB. You betcha. Are all these greedy

corrupt companies going to me a killing off the desperate, hurt and dead people at the expense of the federal govt bailing them out because of NO fault of their own, but the fault of the very greedy corrupt fucker.

I think it is a conversation we should be having right now. Thank you

[getagrip_already]

10. They will jail those that can't pay........

And hold children responsible for family debts unpaid.....

Of course.

[Celerity]

16. I would not be shocked if this happens to some of the people

Living in Texas seem to be a true mug's game.

[Retrograde]

11. Option 5: Demand the Feds pay them

After all, the federal government came through with aid for New York and New Jersey after Hurricane Sandy. They'll conveniently forget that the Texas senators voted against it.

[edhopper]

12. Looks like Abbott wants this

asking for more Emergency money for individuals from Biden. Money to pay electric bills.

[Brush Bunny]

13. Bankruptcies.

Believe Texas has one of the easiest BK laws where you don't have to worry about losing your home or courts levy liens against it.

[brooklynite]

14. Celebrate "Freedom"?

[Backseat Driver]

15. But, but, but - they refuse Interconnectedness at every turn

This article updated pre-storm - Nov 14, 2020

https://www.kxxv.com/hometown/texas/federal-reserve-bank-of-dallas-texas-economy-needs-a-federal-lifeline-if-it-wants-to-survive

And no consequences or exorbitant bills for their really bad decisions about everything from representation to planning for emergency situations like pandemics, storms, infrastructure - building codes, banking. In everything, they're immune when bad things happen. Perhaps because the blood of Jesus is in their veins? (blasphemy, I know) because I've never been there and only ever met a couple of Texans.

Will this latest catastrophe make the color of the state turn Blue?

SMH...

[LeftInTX]

17. The feds will bail them out

The money is in energy markets has not been passed to consumers yet.
The exception is Griddlie..or whatever that is. But Griddle is a free market, do it yourself, and only has about 26,000 subscribers/members or whatever they call themselves

The federal govt won't bail out consumers, but the utility companies which purchased the overpriced energy on the free market.

Enron 2.0

[ananda]

22. Have Jerry Jones pay all of them.. down to the last cent.

...