When doing a study on nuclear power in the United States, I found something interesting on how it benefits the overall growth of an economy. This might be something that this country needs because of the current deficit .
Nuclear Power brings overall benefits to the economy.. Although there is the general argument that nuclear power brings major subsidies and cost to an economy, there is an argument that nuclear power benefits and helps an economy thrive in more then one way. In a study done by the Nuclear Energy Institute, in cooperation with PPL Corporation, there were findings that there are economic benefits of the PPL Susquehanna nuclear power plant. The plant, which is located in Pennsylvania, is a two-reactor plant that generates low-cost electricity and makes purchases of goods and services has stimulated the local economy since 1970. Besides its economic output, the plant provides jobs, labor income, and tax revenue to the area, in 2005 Susquehanna increases Pennsylvania’s economic output by 51.7 million (Nuclear Energy Institute and PPL Corporation 2008, p.1). If I am Barrack Obama, I look at these numbers and realize that nuclear power is something that could help benefit all different aspects of the economy. This country is in a deficit; with unemployment reaching high levels, an investment in a nuclear power plants can help stimulate more jobs therefore raising the overall economic input and output.
Economic benefits of ppl susquehanna nuclear power plant. (2006).
Nuclear Energy Institute and PPL Corporation.