Focusing on broad, long-term goals while ignoring obvious, near-term problems is order of the day, be it in the Fukushima reactors or deficit-obsessed DC.
I feel like I am saying this every week, but tear yourself away for a minute, if you can, from the daily deficit follies—I promise we’ll get back to them.
As I detailed last week, a study called the Near-Term Task Force Review listed a set of suggestions for ways the US nuclear power industry could improve safety in the wake of the meltdowns and continuing crisis in Japan’s Fukushima reactors. The recommendations were a mixed bag of mostly regulatory tweaks–nothing particularly bad, as far as they go–but obviously missing from the report was any program that would effectively improve the way spent fuel rods are stored.
Earlier this week, the task force officially presented its report to the Nuclear Regulatory Commission, and NRC chair Gregory Jaczko said the full commission should move to accept or reject the recommendations within 90 days, and implement any new rules within five years.
That sounds glacial, especially given the ongoing Japanese crisis and many US plants of similar design facing the possibility of similar problems, but even this cautious approach to some cautious recommendations was more-or-less opposed by three of the five commissioners.
The commissioners reacted much like the Republican leadership on the House Energy and Commerce Committee did a day earlier, asking for a “full and deliberate process of review”—a rather naked demand that the NRC slow-walk these recommendations with an eye toward weakening or killing them. The ECC has yet to schedule any hearings on the task force report.
On the Senate side, I am told that the Committee on Environment and Public Works will hold hearings in August, but nothing as yet is listed on the committee website. (EPW is chaired by Barbara Boxer; if you want, give her a call and express your interest in a timely hearing.)
Sadly, it seems like the US takeaway from the triple meltdown and massive environmental disaster in Japan is that we need to stick up for our domestic nuclear industry. In fact, just yesterday, the NRC approved a 20-year operating license extension for Hope Creek in New Jersey. Hope Creek is a boiling water reactor, just like Fukushima Daiichi 1, and stores spent fuel in above-ground pools, just as was done in the now-crippled Japanese plants.
Conveniently, practically no one in the US has any time to devote to nuclear concerns—after all, we are facing a debt-pocalypse!
I write that with a healthy degree of sarcasm, but it seems to me more than a happy accident that absolutely nothing else can get done in Washington because of the never-healing, self-inflicted wound that has tied our governing in knots and threatens to cripple the entire government. Forgive the cheap allusion, but it is a meltdown of accountability.
An easy turn of phrase, but I have been feeling like there is some deeper connection—or, if not connection, parallel—between the ongoing crisis in Fukushima and the never-ending “crisis” in Washington.
Earlier in the week, TEPCO (the power company that owns Fukushima Daiichi) and the Japanese government updated their plans for cleanup and containment of the disaster area. They announced that their goal is a cold shutdown of the crippled reactors in three to six months, and with that, they hope to reduce the radiation level around the plant to one millisievert per year by mid-January. That would be substantial. Officials even talk of allowing some to return to the quarantine area if that goal is met.
But for that goal to be met—for any of the goals to be met, really—the crews at Fukushima will have to do something else first. Namely, emergency workers must find and fix the cracks and holes in the containment vessels of the damaged reactors that continue to allow contaminated, radioactive water to leak into the reactor buildings, the surrounding tunnels and neighboring facilities, and onto the ground, possibly into the ground water, and, almost certainly, into the sea. Yet, the problem of fixing the holes, a goal that was part of the previous plan of action, a goal that has not been met, is not in the latest Japanese report.
When asked about the omission, officials said that they expect progress to be made on the leaks. They did not say how. They did not say when. But, you know, obviously, that will be addressed. The main thing is, though, focus on the big, happy, longer-term goals.
Is this starting to sound at all familiar?
In the current context, I can certainly find fault with many of the details, but let’s say, OK, long-term deficit reduction is not a bad goal, in and of itself. It would, in theory, be good to spend less on interest, and more, say on education or infrastructure. . . .
But that is not how I hear President Obama addressing this. Instead, I hear him mimicking self-interested deficit hawks, blurring the difference between debt and deficit, allowing the Tea-OP to frame budget cuts as linked to the debt ceiling, and purposely dragging entitlements into the mix when they don’t have a bearing on the matter at hand. And, worst of all, the president and practically every other leader in DC has made deficit reduction the stand-in for the warm, fuzzy goal of rebuilding the economy—which is, at best, putting the cart before the horse, but is more likely a damaging and dangerous lie.
Before we get to jump in to the magic happy balanced-budget pool, perhaps there are a few holes and cracks the administration might want to spackle. And the cracks are legion, aren’t they?
Of course, there is the war. . . the wars. . . the three, three-and-a-half, or four wars, sucking trillions out of the economy.
And, of course, there are the very-much-still-here-even-though-they-should-have-already-expired Bush-era tax cuts for the wealthiest of the wealthy. And there is the hedge-fund-manager’s loophole and any number of other breaks for the rich that deprive the supposedly going-up-in-flames system of a cooling river of cash.
But I want to talk about an even more obvious, immediate, gaping hole, a hole that should be goal one in any discussion of the economy, and yet is embarrassingly absent from the beltway back-and-forth:
Before we spend another breath of air or drop of ink on the goal of deficit reduction, the federal government should be focusing on the goal of decreasing unemployment—focusing on the goal of creating jobs. It is, in fact, the obvious first step, the obvious hole you plug on the way to broader economic health. With more and better-paying jobs, you pump more money into the marketplace, increase demand, and spur expansion. And you also create a more robust revenue stream for the government. Almost every new job is a new taxable income.
And right now, when interest rates are so extremely low, when money is cheap for the government, now is an excellent time to invest in the country by spending. You know what would make this a less-good time for borrowing? Defaulting on our debt.
If the jerk circus in Washington fails to raise the debt ceiling, sends a message that it is some degree less than a sure thing that America will honor its obligations, then the cost of borrowing could go up, and then maybe we have a real problem.
Now, if you were president, what frame would you rather be forced to defend?
Why not take advantage of this situation—which has the added advantage of being the truth—and demand a clean vote, and only a clean vote, on the debt ceiling? Why not tell the American people that if we do this, and keep the money supply cheap and fluid, then government can do what it is supposed to do—what it can do: care for its people, create jobs in a time of need, repair aging infrastructure, research and develop new, greener energy sources (hint, hint—which will not only wean us off of expensive oil and nuclear power, but it could help build the economic engine that could power the US economy for the next decade), and provide a better life for every level of society?
Then, when we are back on terra firma, when we have plugged the gaping hole, we can re-examine the big rosy budget goals. But then we can do so from a place of strength, do so from a place where we are not trying to bail out a sinking ship with a perforated bucket, do so without running from crisis to crisis like terrified citizens in some Japanese horror film.
Let’s at least try to learn one thing from the Fukushima crisis: Make our goal to fix the hole.