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Politics : Politics for Pros- moderated

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To: ManyMoose who wrote (300513)	4/14/2009 8:04:49 PM
From: Snowshoe	2 Recommendations Read Replies (1) of 793970

>>I like Alaska's tax the best. It pays a dividend to every state resident.<< The annual dividend is in serious trouble now that the Permanent Fund has lost 25% in the market meltdown. Oil revenues are crashing under the double whammy of falling prices and declining north slope production. The proposed natural gas pipeline is very uncertain because of the huge gas glut in the lower 48 states. Alaska still has a multi-year savings cushion, but the worst-case scenario includes a zero dividend coupled with severe budget cuts and/or major tax increases. Meanwhile, Governor Sarah Palin is freaking out the legislature by trying to reject 1/3 of the federal stimulus money. It will be interesting to see how this affects her future election prospects in Alaska, since our politicians are expected to bring home the bacon. Earlier I had thought she might challenge newly-elected Democrat Mark Begich for US Senate in 2014, but now I'm not so sure. He's stepping right in to fill Uncle Ted's shoes and grab those federal dollars, and in due time I expect he'll become known as "Excess Begich". Palin may have burned her local bridges to some extent, in favor of a national run. Twt.

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