My two cents worth. I can see both sides of this discussion but I lean more toward leaving the penalty as is for the following reason:
Teams on offense lose possession for ALL OTHER fouls or violations commited while on offense. I think a "T" is no different as far as a foul is concerned other than the typically unsportsmanlike nature of the call.
In my mind, (1) it is the unsportsmanlike nature of a technical that results in the two free-throws and (2) it is the foul (even though technical) that results in loss of possession. I believe that double penalty is there for a reason.
Sidenote: I can think of one situation where a technical foul will not automatically result in the violating team losing possession. A dunk during pregame warm-ups. I believe the rule is shoot the FT's and then line up for a jumpball.
Just a thought: Imagine if the NBA went to the Federation rule on Intentional. We would have seen a LOT less Hack-a-Shaq because the Lakers would shoot then get the ball back.
Again, just my two cents.
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