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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (58020)	7/13/2009 8:26:08 PM
From: Bread Upon The Water	Read Replies (1) \| Respond to of 149317

V: I think most of the difference is/was that Alaska came to affluence in the age of "consciousness" so to speak whereas most of the other states had their resources owned privately. If the lower 48 natural resource states were just starting out I think it would be possible to see something along the lines of the Alaska. >> V: Yes, it's a wonderful plan, Koan. I'm not putting the plan down at all. Its just that other states do not have the resources Alaska does or the fewer claims on said resources.>> K: But you are saying if a state cannot set up a permanent fund (PF) exactly like Alaska then do nothing at all?? What about Texas putting 25% of their stae oil and NG income into a fund for the kids, or wyoming's coal money, or Oaklahoma, Louiseiana, West virgina, etc. Just do something. I think it is revealing no one did anything except us. A bunch of 30 year old legislative hippies did this all by ourselves. And as mentioned it is all state resources money. We are now putting 50% of all state resource money into the permanent fund (up from 25%). One would also have to ask why the right wing and oil companies fought against it so hard? We had to pay off the oil companies and conservative Republicans with additional tax cuts to get it through the legislature e.g. the ELF tax. If we had control of another state we might have done the same. Every state could do something if they wanted. They do not want to, or cannot figure it out. The claims do not matter, because the PF is mainly set up to HELP fund state government and keep taxes down. We had no idea our Permanent fund would grow large enough to fund the entire state government. That surprised us. We were debating taxes all along. PS in spite of our PF losing 10 billion during this depression, we are still able to fund all our government expenditures 100% this year and give evryone $1,500.