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He agreed last week to extend a Clinton administration emergency order that required power generators in neighboring states to use surplus generating capacity to supply California.
It has surplus generating capacity and low prices that are unlikely to rise much in the next few years, notes Mark Lewis of Deutsche Bank.
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Under the capped baseline, the government's operating surplus -- the portion of the surplus generated by general tax revenue rather than excess Social Security payroll taxes -- could be twice as much over the next 10 years as projected last year.
Under the government's accounting rules, the Medicare surplus has been considered part of the general government surplus, unlike the surplus generated by Social Security, which both legally and politically has been segregated from excess general government revenue.
The auxiliary turbine drives the main boiler feed pump and, optionally, an auxiliary generator which could carry away the power surplus generated by the system to the unit transformer through separate, additional primary coils.
The incremental consumer surplus generated by each new user is probably small.
He would also use every penny of the surplus generated by Social Security, about $2.5 trillion, to reduce the national debt.
That means that the government will spend nearly all of the surplus generated by part of the Medicare system.
The result is a new gilded age, in which plutocrats capture the surplus generated by an exploited class of workers.
This week's Free exchange column discusses attempts to measure the consumer surplus generated by the internet (summary here).
Much of the capital surplus generated by the periphery was expropriated by the core through unequal trade relations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com