Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (72788)	3/11/2010 6:06:12 AM
From: elmatador	Read Replies (1) of 74559

Alaska has been on the federal dole since 1867, when William Seward persuaded Congress to appropriate $7.2 million to buy the territory from the Russians. Called “Seward’s Folly” at the time, The Great Land has repaid that sum many times over in natural resources alone. But the sparsely populated state is huge. Just providing basic necessities is expensive, and the infrastructure to support human settlement would not exist without financial help from the federal government. federal subsidies still needed by the 671,000 souls who rattle around in a state twice the size of Texas. Young’s bridge is just one of 120 “special projects” for Alaska in the $286 billion transportation bill recently passed by Congress. Alaska’s “special projects” total $1 billion -- third largest in the nation behind the populous states of California and Illinois. blueoregon.com Time to dump this thing...

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