Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: David Howe who wrote (15442)	2/22/2002 8:35:41 PM
From: Snowshoe	Read Replies (3) of 74559

It's funny to hear folks extolling the virtues of government debt. Here in Alaska we feel the opposite. Our state government has a $25 billion surplus investment fund, amounting to about $50,000 per capita. There are no state income taxes, and every year the government pays each citizen (including children) a dividend of about $2,000. There are always a lot of politicians and interest groups trying to raid the fund, but people like getting free money in the mail so there is a huge constituency to fight them off. That reminds me, I need to go file an application for my 2002 dividend... <g>

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